Wednesday, April 25, 2012

NL NATIONALISTS SHOULD WATCH SCOTLAND


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"Opinions on the economics of independence are starkly divided.
 
Nationalists argue that, mostly thanks to North Sea oil and gas, Scotland subsidizes the union and would be better off alone. 

The more sneering sort of unionist argues the opposite, that 
Scotland is a parasitic subsidy junkie.

Both are wrong, in the short term at least. Assuming it keeps 
the oil and gas extracted from under Scottish waters, an
 independent Scotland would currently gain roughly as
much in taxes as it would lose in subsidies (see article)."

THE ECONOMIST

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1 comment:

McManus said...

The Scottish referendum will be held in 2014. The seperatist forces will have to gain much more support than existing polls indicate they are in the 15-18% range only.

But a lot can happen in 2 years.

BTW - i like the new layout and format of your blog!