IN 2014 the UK Government said that if Scotland voted for independence we couldn’t share the pound in the form of a currency union. The currency…
The highest oil revenues were in the years 1984 to 1986, worth some £41 billion each year in today’s money, and it is instructive to compare how Norway with similar oil extraction has prospered since then compared to London’s control of ourUnder GERS, Scotland is charged £9.2 billion as our pro rata share of interest on UK’s national debt of more than £2500 billion caused by, mismanagement of the economy, a failed energy policy and inflation.
The GERS estimate is our annual reminder of how Scotland badly fares within the UK compared to other similar-sized western European nations. The government in Ireland, without £9.4bn in oil revenues, spends roughly the same amount per head of population but expects to raise £102bn in taxes this year thus creating a government surplus.
Given Scotland’s highly educated population and vast energy resources, why is our GDP per head £33k, while Norway’s is £80k, Denmark’s £55k and Finland’s £42k? Under London rule our standard of living is falling, while theirs is rising.IT’S tempting to dig out GERS letters from past years to avoid rehashing the reasons why this set of “accounts” is given the slightest credence in Scotland.
Because if Scotland stays in the Union, what remains of our wealth will be siphoned off, our population will fall further and our national identity, embodied in our languages and culture, will continue to erode.GERS day is like a broken record. The obedient colonial administration that is the Scottish Government persists in publishing this rubbish each August, giving the Unionist media another stick with which to beat us.
Meanwhile, the prosperity of our Nordic neighbours is a constant reminder of what Scotland could be if only we had the confidence and will to break free of this prison.
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