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Re: Scotland

By Dougie MacDougall30/6 12:08Tue Jun 30 12:08:23 2020In response to Re: Scotland

Views: 612

If you want to be 100% technically correct, Scotland doesn't have a deficit, the UK has the deficit, in the same way as England doesn't have a deficit. However, what there is, is a notional deficit which attempts to model Scotland's fiscal position as if it were a separate entity. At points in the past, Scotland has shown a notional surplus, currently it is showing a notional deficit.

What subject to debate - and we've been over this ground ad-infinitum is the following:

How accurate a lot of allocation of revenue - in particular - is in reality.
How fair is a lot of the allocation of UK level spending - pretty easy to work out the level of public spending actually in Scotland.
Finally and most crucially, this modelling is done in the context of Scotland being part of the UK, so what - if anything - does it tell us about the fiscal position of Scotland as an independent nation state.

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