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Originally Posted by nomadking
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The Scots produce GERS. If they disagreed with the methodology, what have they said that would increase revenues by 20%.
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They aren't allowed to disagree with the methodology. Indeed, their statisticians probably aren't given the huge amounts of data that HMRC have in respect of tax in the United Kingdom. Even then, as I've said, it's impossible to split out Scottish and English VAT.
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If they were allowed to borrow, would they be able to? The "interest rates" charged would be huge, especially as the likelihood of them paying back is less than zero. They would have to default in a matter of a few years.
If the SNP are happy to spend less, why don't they? As I have to keep pointing out, if their defence spending was zero, there would still be a large deficit remaining.
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There's no indication that interest rates charged would be huge, especially in the current climate of near-zero interest rates around the globe.
Ooh aggregate borrowing at 0.0015% of what the UK Government borrows. Imagine the possibilities!