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Salmond oil boom claim

ALEX Salmond has sought to revitalise the campaign for independence by producing a new report claiming the North Sea will generate up to 82% more in tax revenues over the next six years than previously accepted figures indicate.

The Scottish Government's Oil and Gas Analytical Bulletin said reserves in Scottish waters could yield £57.1 billion between the current financial year and 2017/18.

The figure is dramatically higher than the £31.3bn forecast by the independent Office for Budget Responsibility (OBR) used in UK Budget calculations.

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