View Single Post
Old 15-10-2020, 23:22   #3466
Hugh
laeva recumbens anguis
Cable Forum Team
 
Hugh's Avatar
 
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,041
Hugh has a golden auraHugh has a golden aura
Hugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden auraHugh has a golden aura
Re: Will Scotland Leave the UK?

Quote:
Originally Posted by nomadking View Post
Really?
As I've pointed out a supposed 20% extra missing revenue is too big to be really missing.
2018-19 spending £78,598m, income(including oil) £65,442m. £13bn required to bridge the gap.

---------- Post added at 20:43 ---------- Previous post was at 20:37 ----------


Link

Only £3.3bn of defence spending was attributed to Scotland, still £10bn to find. And that's with no defence spending in Scotland at all. How would fiddling around with tax generate an extra 20% revenue? If it was that easy, everybody would be doing it.
£10 billion deficit?

Perhaps they’ll do what the U.K. does - run up a National Debt, and run at a deficit until they sort out income to be greater than expenditure...

U.K. was (at the time of the 2019 Budget) expecting to run at a £29.3 billion deficit for 2020 (I’m sure that’s been revised upwards now), and having a National Debt of £1,840 billion.
Attached Images
File Type: jpg E906817C-56FA-40A1-81D2-CA669415C338.jpg (384.1 KB, 1 views)
File Type: jpg DCFE98DA-51BC-4986-99F0-E910D3BA2682.jpg (420.0 KB, 1 views)
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it
.
If my post is in bold and this colour, it's a Moderator Request.
Hugh is offline   Reply With Quote