As Nicola Sturgeon campaigns for her party to win the Scottish elections on the 6th May she tells the voters of how brilliant independence will be for them. She however neglects the hard facts of how terrible financially that independence would be for the Scots. A report by the Institute for Government (IfG) has found that Britons living in Scotland each benefit from £2,500 extra in public spending than the taxes they pay. The English though receive just £91.
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What Sturgeon won’t admit is that in fact Scotland will be far worse off economically after independence. Taxes will rocket to pay for the welfare state that the SNP have cultivated and the quality of public services will go down without the English paying for it. If there is appetite for Scotland to leave the UK from the people then maybe we should wave them a fond farewell. We will be better off for not sending our money up there.
Between 2018-19 just 0.3% of Englands GDP was deficit compared to almost 7.7% in Scotland. The SNP Finance Secretary Kate Forbes said “Scotland is a wealthy country and with our abundant resources combined with the economic powers of independence, there is no reason whatsoever we cannot emulate the success of independent countries like Denmark and Norway which are richer per head than the UK.” Are these abundant resources she talks of the increasingly failing oil market?
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The chief economist at the IfG Gemma Tetlow said “Any advocates for breaking away from the UK must address the reality of the nations' current fiscal imbalances and the difficult policy choices these would necessitate after secession.The larger the deficit that they have, the harder the case for breaking away from the union becomes.” Where is Nicola Sturgeons answer to how she will keep up the spending spree? I think Boris would happily let her and Scotland leave the union whilst we try and recoup some of the money lost during Covid.