Re: Re:
No it doesn't, but it certainly contributes. The Scottish deficit last year increased to 9.5% of their GDP, which is beyond what the EU tends to ask for. This rise came in conjunction with a fall in oil tax revenue of almost 2 billion. If Scotland wants to succeed as an independent nation, it has to make a play for the City. That will also come with lowering corporation taxes, though. Otherwise, Scotland can try to become an enormous exporter of Green Energy to the UK and the EU. Scotland is pretty windy after all. But that will take a few years' investment to get to. Whatever the SNP have in mind, they need to have an actual plan to reduce the deficit and increase revenue. Seeing how politics is going in recent years, I doubt they will.
ferryman said:Oil does not make a country. And the SNP did not make a play on it in 2014.Brullnux said:I'm not sure if the EU will make Scotland join or just let them stay as a member through an 'exceptional circumstances' type agreement. There's also the problem of oil prices, which are much lower than the worst case scenario that the SNP predicted in 2014
No it doesn't, but it certainly contributes. The Scottish deficit last year increased to 9.5% of their GDP, which is beyond what the EU tends to ask for. This rise came in conjunction with a fall in oil tax revenue of almost 2 billion. If Scotland wants to succeed as an independent nation, it has to make a play for the City. That will also come with lowering corporation taxes, though. Otherwise, Scotland can try to become an enormous exporter of Green Energy to the UK and the EU. Scotland is pretty windy after all. But that will take a few years' investment to get to. Whatever the SNP have in mind, they need to have an actual plan to reduce the deficit and increase revenue. Seeing how politics is going in recent years, I doubt they will.