SOARING oil prices would give an independent Scotland a £4.4 billion budget surplus, making it one of Europe's richest countries, according to a new study.
The surplus would allow Alex Salmond to maintain existing levels of public spending, while cutting corporation tax from 28% to 12.5%, reducing income tax by 5p in the pound and still having £2 billion every year to invest in a Norwegian-style oil fund to safeguard Scotland against a future decline in North Sea oil revenue.
The study, based on Treasury oil revenue forecasts and official spending figures, has calculated that, without money from the taxation of oil and gas, an independent Scotland would have an underlying deficit of £7.8billion. But when £12.2billion of oil and gas revenues are included, Scotland would have a surplus of more than £4billion.
See the link for more info
By Craig Cockburn, IT Professional from Scotland. Digital Transformation, Agile Management, Politics and Social change
Total Pageviews
21 May 2008
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Find me on LinkedIn https://www.linkedin.com/in/siliconglen/ Medium https://siliconglen.medium.com/ thanks Craig
-
I typically get a lot of calls from Recruitment Agencies. Usually it's about 20-25 a week. At 5-10 mins a call plus the inevitable telep...
-
An article on how Agile can sit alongside PRINCE2 and where DSDM Atern fits in. In 2007, I put "used an Agile/PRINCE2 development str...
-
Having been on hold to the Orange contact centre (I guess that's what you would call it, I might call it a non-contact centre) for appro...
-
I use Iprofile which is the online CV designed to make life easier for recruiters. However, the system is extremely buggy, insecure and wor...
-
If I said that I know of a way in which Yahoo could dramatically improve its search capability, take on Google in areas that Google is curre...
-
I have always been a bit surprised by the banking industry. It must be that there is a special set of skills you can only get when working f...
-
Introduction You may be wondering the significance of the three Scottish flags in the image. I took this picture a few weeks ago. I'...
-
Your profile indicates you have been contracting recently, therefore you will only be interested in contract work then? Incorrect. Thi...
-
Since 30th December, I've been doing a folk song of the day for the folk choir I am in, Morris . It's introduced the choir to new...
No comments:
Post a Comment