Thread: Will Scotland Leave the UK?
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Old 18-08-2021, 13:29   #4095
1andrew1
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Re: Will Scotland Leave the UK?
Quote:
Scotland’s estimated fiscal deficit balloons in blow to independence hopes

Scotland’s notional fiscal deficit ballooned to 22 per cent of total economic output in the year to April 2021, more than 8 percentage points higher than the funding gap for the UK as a whole, according to official data released on Wednesday.

The annual Government Expenditure and Revenue Scotland (Gers) report highlighted the impact on public spending and tax revenues of the coronavirus pandemic, but also made clear the financial challenge an independent Scotland could face outside the UK.

The pro-independence Scottish National party government is expected to resume in the next few months its push for a second referendum on independence after winning the May elections to the devolved parliament in Edinburgh on a pledge to try to hold such a vote by the end of 2023.

The data, compiled by Scottish government statisticians, showed the country’s fiscal deficit for 2020-21, after a geographic share of North Sea oil and gas tax revenues was included, stood at 22.4 per cent of gross domestic product. This compared with a deficit of 14.2 per cent for the UK as a whole.
https://www.ft.com/content/c5c099a0-...8-5c1ee8193fca
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