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Originally Posted by nomadking
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.
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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.
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£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.