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Warning over oil fund plan

PLANS by Alex Salmond to establish a £30 billion oil fund to help future generations will put current service levels at risk or will require adding to Scotland's debt levels, a leading economic think-tank has claimed.

The Centre for Public Policy for Regions says the First Minister's aim will involve difficult budget decisions unless oil prices and production far exceeds current expectations.

Mr Salmond's plans are based on a scheme operated by Norway's Government.