Business for Scotland: "Century of lost wealth" and "10 economic facts"

Scotland’s century of lost wealth
by Gordon MacIntyre-Kemp (9 Jan 2014)

     Business for Scotland’s research on Scotland’s economy has delivered solid proof that Scotland subsidises the UK, not the other way around.  Initially anti-independence campaigners claimed we were wrong, but we’ve since produced so much evidence they’ve since backed off.  That evidence clearly demonstrates Scotland has paid £64bn in interest on debt incurred by the rest of the UK, not Scotland.

     Additionally the historical Government Expenditure and Revenue Scotland Reports (GERS) show that every year, for the last 32 years Scotland has generated more tax per head than the average for the UK. This quashes the oil volatility myth because a low oil price has never seen Scottish tax revenues, per head, go below that of the UK average.

Read full article HERE

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See also -

10 key economic facts that prove Scotland will be a wealthy independent nation

by Michael Gray (7 Jan 2014)

     All the evidence demonstrates that Scotland is a wealthy nation. Scotland would be the 8th wealthiest nation in the world by GDP per head of population. Scotland’s wealth is also built on solid financial foundations, a diverse economy and substantial economic potential in new industries such as biotechnology and renewables, as well as current key sectors like food and drink, tourism and oil and gas.
     Voting for independence – to have control over taxation, regulation and global promotion – will give the Scottish government the tools to create greater opportunities for growth and a better business climate for Scottish business. In short, a Yes vote will improve Scotland’s economy. This will make people in Scotland financially better off.
     Here are 10 key economic facts for why Scotland will be a wealthy independent nation.

Read full article HERE

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