Salmond and Sturgeon Want the English Fish for More Fat Subsidies

Thrugelmir

cells wrote: »

either saudi believes it cant control quantity (ie the other big opec and non opec, especially russia, wont play ball) or its hurting its income to hurts its foes more than itself

Saudi needs the money to fund spending commitments. Not least on defence. There's a far bigger picture than the one that gets painted. No one is playing games. Simplying looking after their own interests.

Thrugelmir

Shakethedisease wrote: »

No, I said lets hope the unemployment figures don't keep rising in the UK for the next few quarters.

Big lay offs announced recently and public sector has yet to lose a lot more. So unlikely job creation will keep pace.

baldelectrician

Generali wrote: »

Especially if the Saudis keep the spigots open. A fiscally autonomous Scottish economy is effectively a reflection of the oil price and that just keeps on dropping.

Brent Crude is below $50/bbl and West Texas Intermediate futures are barely trading above $42/bbl

The picture for independence looks very different when the UK is running a small or no deficit and the huge fiscal transfer to Scotland is put into even sharper relief.

I suppose a failing Scotland, due to a dropping oil price, with a highly successful England can be blamed on Westminster still. Fracking is likely to bring huge economic benefits to England while the SNP seems to want to ban it in Scotland.

Meanwhile (from the Guardian)
The services sector rose 0.7% – contributing 0.5 percentage points of the increase on the previous quarter – while production was up by 1% as a rise in oil and gas outweighed the fall in manufacturing. Agriculture decreased by 0.7%.

The price may be lower now but that didn't stop oil adding 1% to UK GDP- what a curse oil would be for Scotland :rotfl:

Scotland paying more than its fair share again ....

More of the same
http://www.theguardian.com/business/2015/jun/10/manufacturing-production-drops-between-march-april
North Sea oil rebound fuels UK GDP growth

Generali

baldelectrician wrote: »

Meanwhile (from the Guardian)
The services sector rose 0.7% – contributing 0.5 percentage points of the increase on the previous quarter – while production was up by 1% as a rise in oil and gas outweighed the fall in manufacturing. Agriculture decreased by 0.7%.

The price may be lower now but that didn't stop oil adding 1% to UK GDP- what a curse oil would be for Scotland :rotfl:

Scotland paying more than its fair share again ....

More of the same
http://www.theguardian.com/business/2015/jun/10/manufacturing-production-drops-between-march-april
North Sea oil rebound fuels UK GDP growth

I'd be surprised to see that a 1% increase in North Sea oil output was worth £8bn or whatever Scotland's extra deficit is to the Treasury.

HAMISH_MCTAVISH

baldelectrician wrote: »

The price may be lower now but that didn't stop oil adding 1% to UK GDP- what a curse oil would be for Scotland :rotfl:

Scotland paying more than its fair share again ....

The article doesn't say oil added 1% to UK GDP.

Scotland continues to be heavily subsidised by rUK, currently around £15bn a year in total, which is around £10bn more than is sustainable as a deficit borrowed by Scotland if it were independent.

And nobody has ever said oil is a curse for Scotland, that's just SNP made-up nonsense, what people have of course noted is that if Scotland wants to keep spending significantly more per head than the UK average while taking somewhat less than the UK average in non-oil taxes, then if oil revenue doesn't fill the gap really large cuts will have to be made.

Austerity Max would be the near inevitable result of FFA or Indy.

Scotland has only pulled it's own weight financially in 3 years of the last 15, in the other 9 years our deficit has been far greater in % terms than the UK's and is currently so high it would result in bankruptcy and a failed state in short order.

Scotland without UK subsidy is basically Greece without the nice weather...

Mistermeaner

Add to this that the snp appear anti fossil fuel and tracking anyway so God knows where future revenue would come from.

Generali

Mistermeaner wrote: »

Add to this that the snp appear anti fossil fuel and tracking anyway so God knows where future revenue would come from.

The SNP's unique ability to rebalance the economy apparently.

kabayiri

Mistermeaner wrote: »

Add to this that the snp appear anti fossil fuel and tracking anyway so God knows where future revenue would come from.

It's very clear that the SNP need :

- Tory deficit elimination to succeed
- Time, given that eliminating a deficit can not be done overnight

This, coupled with a leaner state, would make the independence figures look a little better, if not the complete solution.

Which is why I am surprised they are so anti-Tory.

Shakethedisease

kabayiri wrote: »

It's very clear that the SNP need :

- Tory deficit elimination to succeed
- Time, given that eliminating a deficit can not be done overnight

This, coupled with a leaner state, would make the independence figures look a little better, if not the complete solution.

Which is why I am surprised they are so anti-Tory.

It's about 85% of the Scots electorate that are anti-Tory. Even the ( now much rarer ) Labour supporters are. :eek: Being pro-Tory isn't that much of a vote winner to be honest. The SNP should keep well away from that sort of caper.

2015

Conservative 1 0 59 434,097 14.9 % 1.8

.string.

kabayiri wrote: »

It's very clear that the SNP need :

- Tory deficit elimination to succeed
- Time, given that eliminating a deficit can not be done overnight

This, coupled with a leaner state, would make the independence figures look a little better, if not the complete solution.

Which is why I am surprised they are so anti-Tory.

They blow where the wind blows, clearly.

But you are right, there are Tory policies which would help the SNP cause. For example, the effort to tenegotiate the terms for the UK within the EU, if successful, will ultimately benefit the non-eurozone members of the EU, and thus provide a favourable precedent for a Natland wanting to join the EU without having to join the Euro at the same time.


But then they so like their anti-Tory ranting.