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Och Dear

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    Och Dear

    Scottish independence dossier warns of financial realities | Mail Online

    Sorry has to be a Wail link

    Internal briefing documents, seen by the Scottish Daily Mail, expose the huge risks in Alex Salmond’s flagship policy to put North Sea oil revenues in a savings account for the future.
    However, the private document written last March by Simon Fuller of the fiscal analysis team in the Office of the Chief Economic Adviser states: 'There has only been one year since 1990 when tax receipts have exceeded total public spending.

    'This suggests that over this period North Sea receipts would have been required to fund public services in Scotland. Therefore if the Scottish Government had wished to establish an oil fund, it would have had to reduce public spending, increase taxation or increase public sector borrowing.'
    Always forgive your enemies; nothing annoys them so much.

    #2
    Let them carry on dreaming...

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