based on a variety of information. Firstly Oil is a massive bonus and we should be delighted that we have the prospect of revenues from oil, but our economy is not based on oil, its based on many other things like Scotland's food and drink industry, whisky and tourism. I have talked about this before.
Originally Posted by squidge
Scotland having generated more tax per head than the UK for every one of the last 30 years
* Our world-class food and drink industry which is seeing rising exports and the most recent annual turnover of £12.4 billion
* Our thriving creative industries which are recognised throughout the world and have an annual turnover of £4.8 billion
* Our global reputation in life sciences and an annual turnover of £2.9 billion
* Our oil and gas industry, which is seeing record investment and which, in 2011, contributed £26bn to Scotland’s GDP and boosted the UK balance of payments by £40bn.
* Our green energy reserves, with an estimated 25 per cent of Europe’s tidal and offshore wind resources.
* Our tourism industry which employs almost 200,000 people
* Our manufacturing sector, which exported £14.7bn in 2011
If you add to this information that the 2011-2012 GERs figures show that Scotland has 8.4% of the UK population and we receive 9.3% of UK public spending to run our services. However Scotland generates 9.9% of UK taxes (up from 9.6% the previous year).
If I can refer you to this document
http://scotland.gov.uk/Resource/0042/00422987.pdf
This offers an interesting and eminently readable view of the Scottish Economy.
Scotland has contributed more per head in taxes than the rest of the UK in each of the last thirty years. Scotland's wealth per head of the population is 99% of the rest of the UK and it leads the way in inward investment and the economy is growing.
So why do we think Scotland cant afford Independence?
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