Scotland's deficit seven times higher than UK as a whole last year | UK news

Scotland has a deficit - but is not a country ?

Surely its a UK budget issue a financial mis-management issue owned by Westminster ?

But of course I forget Devolution = Full fiscal responsibility ?

Deep diving into this:

If Sainsbury has operations in Scotland but these are taxed and paid through their London HQ to HMRC in London this is technically value raised in Scotland but recorded in London - GERS does not adequately reflect value raised in Scotland

Can you even imagine the untapped wealth of companies that operate in Scotland but pay taxes in England instead paying taxes to an Independent Scotland - before we even slap 70% Green Tax on Oil

As such the South East has, surprisingly enough, a surplus as a result of being the UK’s HQ

But this South East surplus is not enough to ensure all of England is in the black

Both England and the UK as a whole runs at a deficit so how on earth can Scotland account for over 50% of the UK deficit ?

The UK deficit is 23 billion

Scotlands alleged deficit is 12 billion

Wales is 13 billion ?

Thats 25 billion but England and NI also run at a deficit ??? not a surplus

GERS figures are a unionist metric designed to illustrate an Independent Scotland can’t financially support itself

Then theres the curious case of squandered Oil and the missing 500 billion

https://www.scotsman.com/news/politics/north-sea-oil-wealth-fund-would-be-worth-over-500-billion-1-4718376

/r/europe Thread Link - theguardian.com