@watchingferries@JohnSwinney 1/2
We don't!
It's notional (doesn't exist in reality) based on the fallacy that Scotland's responsible for a population share of UK debt so pays a population share of UK debt interest. GERS and PESA (CRA) don't support that fallacy so isn't listed as 'identifiable expenditure'.
@alexmassie The people of Aberdeen South are dancing with the devil in the pale moonlight. They obviously don't care about the oil and gas industry. It was the Conservative UK government that introduced the need for a climate compatibility assessment for new licenses.
https://t.co/ccfJoeOz1c
@alexmassie The people of Aberdeen South are dancing with the devil in the pale moonlight. They obviously don't care about the oil and gas industry. It was the Conservative UK government that introduced the need for a climate compatibility assessment for new licenses.
https://t.co/ccfJoeOz1c
@alexmassie Conservative leadership has likely only taken that view because the party is on its knees. Is it genuine‽
I agree that the SNP "won’t say whether new drilling is good or not", but it has acknowledged the need to comply with the legal reality that the Conservatives introduced.
@alexmassie The people of Aberdeen South are dancing with the devil in the pale moonlight. They obviously don't care about the oil and gas industry. It was the Conservative UK government that introduced the need for a climate compatibility assessment for new licenses.
https://t.co/ccfJoeOz1c
@alexmassie The people of Aberdeen South are dancing with the devil in the pale moonlight. They obviously don't care about the oil and gas industry. It was the Conservative UK government that introduced the need for a climate compatibility assessment for new licenses.
https://t.co/ccfJoeOz1c
@AgentP22 'Broad shoulders of the United Kingdom.'
'Most successful union in the world.'
What happened?
UK's state broadcaster can no longer afford to transmit its breakfast television programme on a Sunday morning.
Will the BBC be transmitting in black and white to save more money?
@JohnTStewart1@larabirdsnp@theSNP Scotland is not self-ruled (independent) so it's a victim of division and hate against itself - the worst kind that a country can endure.
It was founded as an independent country 1183 years ago and thus it only came into existence because of the actions of Scottish nationalists.
@alexmassie 3/3
It's not credible to compare revenue and expenditure between the UK's four nations when one of them (England) has an extremely unfair advantage by hosting UK's capital city, which includes UK's financial and political hub, within it to the detriment of the other UK nations.
@alexmassie 2/3
It further fails to mention that if Scotland's economy were performing better - like its neighbouring sovereign states of a similar size, which generally have even higher expenditure - it would have a low, or no, deficit and could afford higher expenditure than it has now.
@bluewoof@elgoldave@scotgov@GOVUK 3/3
It's not credible to compare revenue and expenditure between the UK's four nations when one of them (England) has an extremely unfair advantage by hosting UK's capital city, which includes UK's financial and political hub, within it to the detriment of the other UK nations.
@bluewoof@elgoldave@scotgov@GOVUK 2/3
It further fails to mention that if Scotland's economy were performing better - like its neighbouring sovereign states of a similar size, which generally have even higher expenditure - it would have a low, or no, deficit and could afford higher expenditure than it has now.
@JeffBro08509100@MisterGrumpy9 Why do u want Scotland to join another political union when it's contrary to political independence?
I want Scotland to only get governments and parliaments it elects and not get outvoted and ignored - impossible in EU or UK. Decisions about Scotland should be made in Scotland.
@MisterGrumpy9@JeffBro08509100 Any sovereign state wishing to join the EU must have its own independent currency. Membership of the euro-area requires each state to have its own central bank so that it can work with all other members states' central banks as one.
Supporting independence precludes joining EU.
@MisterGrumpy9@JeffBro08509100 "Govt spends more in Scot so it must follow that more debt is referable to Scotland."
No, as it's the difference between revenue and borrowing that determines the debt. That debt is serviced by UK as a whole so any fiscal transfer can't be calculated.
https://t.co/No7eYprDWv
@bellesareblue@auldh1969@DickWinchester Scotland and rUK are not liable for any specific share of UK debt hence UK debt interest is non-identifiable expenditure. So, any fiscal transfer (FT) and its direction of flow can't be calculated. Also, revenue and borrowing are not used for expenditure, making an FT impossible.
@LivvyJohn@GerryHassan Question is unanswerable, as its premise is faux.
You're confusing the net fiscal balance with a fiscal transfer so implying rUK received a £122.489bn fiscal transfer from Scotland.
Scotland didn't get a fiscal transfer hence no-one can prove otherwise.
https://t.co/No7eYprDWv
@bellesareblue@auldh1969@DickWinchester Scotland and rUK are not liable for any specific share of UK debt hence UK debt interest is non-identifiable expenditure. So, any fiscal transfer (FT) and its direction of flow can't be calculated. Also, revenue and borrowing are not used for expenditure, making an FT impossible.