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pampango

(24,692 posts)
13. "Scotland receives no net subsidy from the UK." Would have 95% of the UK's oil reserves.
Fri May 30, 2014, 10:41 AM
May 2014

In February 2012, the Centre for Economics and Business Research concluded that "Scotland receives no net subsidy" from the UK, as greater per capita tax generation in Scotland balanced out greater per capita public spending. More recent data, from 2012–13, show that Scotland generated 9.1% (£53.1bn; this included a geographical share of North Sea oil revenue – without it, the figures were 8.2% and £47.6bn) of the UK's tax revenues and received 9.3% (£65.2bn) of spending. Scotland's public spending deficit in 2012–13 was £12bn, a £3.5bn increase on the previous year; over the same period, the UK's deficit decreased by £2.6bn. Over the past thirty years, Scotland contributed a relative budget surplus of almost £20billion to the UK economy.

In 2012, total Scottish exports (excluding intra-UK trade) were estimated to be £26 billion, of which 59% (£15.4 billion) were attributable to manufacturing. ... Scotland's Gross Domestic Product (GDP), including oil and gas produced in Scottish waters, was estimated at £150 billion for the calendar year 2012. If Scotland became independent, it would hold 95% of the UK's current oil and gas reserves if they were split geographically using a median line from the English-Scottish border. If the reserves were split by population, that figure would be reduced to 9%. Scotland also has renewable energy potential, especially in tidal energy and offshore wind.

Scottish waters consist of a large sector of the North Atlantic and the North Sea, containing the largest oil reserves in the European Union. This has given Aberdeen, the third-largest city in Scotland, the title of Europe's oil capital.

Scotland's legal system has remained separate from those of England and Wales and Northern Ireland, and Scotland constitutes a distinct jurisdiction in public and private law. The continued existence of legal, educational and religious institutions distinct from those in the remainder of the UK have all contributed to the continuation of Scottish culture and national identity since the 1707 Union. In 1999, a devolved legislature, the Scottish Parliament, was reconvened with authority over many areas of home affairs following a referendum in 1997. In May 2011, the Scottish National Party won an overall majority in the Scottish Parliament. As a result, a referendum on independence will take place on 18 September 2014.

http://en.wikipedia.org/wiki/Scotland#Economy_and_infrastructure

I hope the vote goes against separation from the UK. Scotland has a lot of autonomy already.

I wonder if the UKIP folks see the irony of some in Scotland wanting to leave the UK, while UKIP wants the UK to leave the EU. OTOH, such an event would lead to greater "ethnic purity" in Scotland and England (assuming Scots consider themselves a distinct ethnic group?). And "ethnic purity" is a concept that any good conservative can get behind.

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Outcome may be biased by those in Scotland who are daft enough to believe Salmond's claims dipsydoodle May 2014 #1
If Scotland's out, then England should also be out Ghost Dog May 2014 #19
International convention would recognise rump-UK Anarcho-Socialist May 2014 #29
Alright. Thanks for that. Ghost Dog May 2014 #30
Question DonCoquixote May 2014 #2
Scots are a bit keener on EU membership than Brits overall muriel_volestrangler May 2014 #10
A very real and strong majority in Catalonia Ghost Dog May 2014 #20
it would not be a member of the EU. It would be a nonmember state geek tragedy May 2014 #18
Heart of the matter - djean111 May 2014 #3
blackmail? leftyohiolib May 2014 #5
?????? Blackmail? How so? djean111 May 2014 #17
But Scotland's oil wealth is in decline.... Adrahil May 2014 #12
Bonnie Scot Lads Botany May 2014 #4
Deltoid explosion underway. Cleanup in aisle 7! postulater May 2014 #6
I said this some time ago; I don't see it happening. nt MADem May 2014 #7
Wish it would happen, but Scotland would be bankrupt so it won't. McCamy Taylor May 2014 #8
Not to mention that a larger percentage of the population in Scotland use more welfare than England, Crowman1979 May 2014 #9
New Sco'land? DeSwiss May 2014 #11
Well, those English Regions look about right... Ghost Dog May 2014 #21
"Scotland receives no net subsidy from the UK." Would have 95% of the UK's oil reserves. pampango May 2014 #13
It's not going to be an 'ethnic' vote. Ghost Dog May 2014 #23
This would never happen and less likely to happen as time passes cosmicone May 2014 #14
bigger in this case is better bossy22 May 2014 #16
Would Queen Elizabeth be the head of state of an independent Scotland? (nt) Nye Bevan May 2014 #15
yes (nt) muriel_volestrangler May 2014 #22
In the first instance, yes. Ghost Dog May 2014 #24
There are no plans at all to consider that muriel_volestrangler May 2014 #25
Ok. But a friend of mine with a house here, but still resident in Glasgow, Ghost Dog May 2014 #26
Sterling is basically English in origin muriel_volestrangler May 2014 #27
Strong independence movements are usually a product of strong regional economies. Benton D Struckcheon May 2014 #28
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