Sunday, 14 April 2013
Heading for the rocks
It really doesn't matter who is right about Scotland's share of the UK's debt because, if we become independent and the SNP remain in power, however low our debt starts out, it will soon go through the roof thanks to the prolific spending policies of the SNP and Scotland's ageing (and unhealthy) population. The worrying thing is that we are going to have to go into the independence referendum not knowing how the UK's debt is going to be divvied up, and Calton, for one, does not have the same confidence as the Deputy First Minister in the strength of Scotland's position. The same goes for the allocation of UK oil and gas revenues. What is clear is that Scotland has benefited over the years from a greater spend per head than the rest of the UK, partly in recognition of the contribution from her oil and gas to the overall UK economy. This is something which does not appear to figure in Sturgeon's calculations and, if Sturgeon thinks that the UK Government has mismanaged the economy over the last 30 years, she should remember that 13 of those years were under the 'spend, spend, spend' Labour Government of Gordon Brown's Chancellorship and Premiership. Even the Labour Party now agree that cuts need to be made but the good ship SNP is still steaming full ahead on the same disastrous course as the Great Broon - straight for the rocks.
Labels:
debt,
Gordon Brown,
independence,
Labour,
Nicola Sturgeon,
oil,
referendum,
SNP
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