GERS figures are good news for Scotland

In case you missed it, the latest Government Expenditure Revenue Scotland (GERS) figures were released last week.  The report, the authoritative account of Scotland’s public finances, concluded that Scotland ran a near £15bn deficit for 2014/15, equivalent to 9.7% of our GDP. The results have met with a variety of responses from all political outlooks but … More GERS figures are good news for Scotland

“The oil crash is good for the overall economy” and Gordon MacIntyre-Kemp’s deficit deception

In the run up to the independence referendum of Sept 2014, Scottish voters were repeatedly told “oil is just a bonus” and our public finances were not reliant on such a volatile and uncertain resource. To prove this, the SNP’s White Paper produced a fantasist forecast of oil revenues at up to £7.9bn.  Because basing … More “The oil crash is good for the overall economy” and Gordon MacIntyre-Kemp’s deficit deception

GERS – reserved and non-identifiable spending

The Government Expenditure Revenue Scotland (GERS) figures, the authoritative account of Scotland’s public finances, are due out this week and most people expect them to be pretty bad news for supporters of Scottish independence. The ‘union dividend’ to Scotland looks set to increase and, most importantly for people like me who live in Scotland, public expenditure … More GERS – reserved and non-identifiable spending