WHEN the best news from the latest Government Expenditure and Revenue Scotland (Gers) figures is that the country did not go as deeply into the red as the rest of the UK and this coincides with a downgrading of the economic forecast by academics, there is little basis for optimism.
WHEN the best news from the latest Government Expenditure and Revenue Scotland (Gers) figures is that the country did not go as deeply into the red as the rest of the UK and this coincides with a downgrading of the economic forecast by academics, there is little basis for optimism.
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The Gers report shows that Scotland's spending outstripped income by £7.6 billion in the financial year 2011/12. The translation of this by Finance Secretary John Swinney into Scots being better off by £824 per person, compared with those in the rest of the UK, offered cold comfort even without the claim by Scottish Secretary Michael Moore that the economy of an independent Scotland would be reliant on volatile oil revenues.
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Scottish economy prospects present a cause for concern
WHEN the best news from the latest Government Expenditure and Revenue Scotland (Gers) figures is that the country did not go as deeply into the red as the rest of the UK and this coincides with a downgrading of the economic forecast by academics, there is little basis for optimism.
The Gers report shows that Scotland's spending outstripped income by £7.6 billion in the financial year 2011/12. The translation of this by Finance Secretary John Swinney into Scots being better off by £824 per person, compared with those in the rest of the UK, offered cold comfort even without the claim by Scottish Secretary Michael Moore that the economy of an independent Scotland would be reliant on volatile oil revenues.
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We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.
Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.
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