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Old 16-10-2020, 22:46   #3478
nomadking
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Re: Will Scotland Leave the UK?

Quote:
Originally Posted by jfman View Post
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.

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!
Quote:
Q: How do you decide on changes that are made to GERS?
A: In line with the Code of Practice for Statistics, changes are made to GERS after consultation and discussion with users. This includes discussion at the annual Scottish Economic Statistics Consultation Group,[1] which brings together users of economic statistics from industry, academia and the wider public sector. Public consultation exercises, open to all, are also carried out to allow all users of GERS to comment on planned and suggested changes to GERS.


Where does this 0.0015% come from?
UK borrowing includes the several 11 figure annual sum to prop up Scotland.
High deficit = high "interest rates".
"Not going to pay it back" = "Not going to lend you it, in the first place."


Estimates on VAT can be made. Their actual VAT would have to be double the estimated amount, in order to bridge the gap.

Still would nowhere near account for an alleged missing extra 20% in revenue.
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