Saturday, 22 February 2014
Why Scotland's Not Going Anywhere
The overriding reason why i think we will be waking up on 19 September and finding the blue stripes still in the Union Flag is economic, leaving the UK will cost the Scots.
The Treasury has already stated that each Scot will face a £1000 tax rise if they vote for independence because at present, Scotland gets more out of the UK treasury then it puts in.
The basic facts are that Scotland adds 8.3% (£42bn) to the UK bank account but receives 9.2% (£59bn) of UK public spending.
To put a pound sign on it, Scottish Executive figures show that spending per capita in Scotland was £11,370 per head of population versus £10,320 for the rest of the UK, hence the £1000 shortfall that will have to be made up by the newly independent Scottish population to maintain the current level of spending.
On a personal level, i don't much care which way Scotland jumps but if they do go there own separate way, England, Wales and Northern Ireland will be £17bn a year better off but i strongly expect the thought of a huge rise in tax and a sharp cut in public services will be a strong incentive to the Scottish population to stay with the UK for the foreseeable future.