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Old 10-08-2021, 21:35   #4094
nomadking
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Re: Will Scotland Leave the UK?

Where are the financial figures that claim, it could all raise £10bn in TAXES.
Link

Quote:
SCOTLAND’S deficit has ballooned to £40billion, more than eight times the limit set for EU membership, because of the pandemic and declining oil revenue, the UK's leading economic thinktank has found.
Doesn't matter how much any of it can raise Scottish GDP, unless it raise a significant amount in taxes on profits, it is of little consequence.
As a whole the energy sector only boosts UK GDP by £28bn, so the tax levied on the Scottish share of any profits won't be so great.
Link

Quote:
Gas and electricity have long been the driving force of the UK; powered by coal, oil, gas, wind, solar and hydropower, the energy sector underpins the entire ecosystem on which Britain’s economy has blossomed.
As a sector that contributes a staggering £28 billion to Britain’s economy, the energy sector is a prestigious career route that is powered by a diverse range of roles, from geologists and ecologists to engineers, project managers, insurers and consultants.
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