UK Government officials claim the report, by the Scotland Office and the Treasury, shows the “oil black hole” has risen from £20bn to £23.5bn in the last 30 years.
A new row over oil revenues has broken out between Holyrood and Westminster after a report showed that even after they were taken into account, Scotland’s overall debt would have risen by £3.5 billion this year.
UK Government officials claim the report, by the Scotland Office and the Treasury, shows the “oil black hole” has risen from £20bn to £23.5bn in the last 30 years.