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Old 15-10-2020, 21:01   #3456
OLD BOY
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Re: Will Scotland Leave the UK?

Quote:
Originally Posted by nomadking View Post
Is there much of a downside for England from Scottish independence?
Erecting a hard border would be the main issue.


Can we have those billions back, that we sent to Scotland for Covid matters?
The downside? That would be working out how exactly we would spend all that extra money in the government coffers without having the Barnett formula to suck us dry.

The erection of borders seems to be an EU speciality.

---------- Post added at 20:01 ---------- Previous post was at 19:53 ----------

Quote:
Originally Posted by jfman View Post
Scottish tax receipts are unknown. GERS gets discredited every year as an estimate. An estimate that relies on HMRC apportioning tax receipts to Scotland in a way that's simply impossible to calculate accurately. VAT for one.

Neither does it reflect the ability of Scotland to vary it's tax receipts. Maybe something like Sweden - raising public expenditure to 50% of GDP, raising some taxes to support it and having a happier society overall. High levels of public trust between Government and the people. A healthcare system that wouldn't readily be overwhelmed by Covid. It could really be something to aspire to...
If Scotland has so much financial promise, why are we subsidising them to the tune of £1,000 per capita? How would Scotland afford their health and social care services without it? How would they replace lost income from depreciating oil? There are many, many questions about the ability of Scotland to stand on its own two feet, and no-one seems to have any answers.

But hold on...jfman, you’re an economist! How could this work? Wee Krankie is desperate to know because she is becoming highly embarrassed by having to keep changing the subject.

Or should I have said ‘embarrassing’?
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