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Thread: SNP & Tory Austerity Cuts - In it Together

  1. #21

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    Quote Originally Posted by caltonjock View Post
    30 April: Bekisman said: You'll be saying next it was NOT the SNP government that has built up a £15,000,000 deficit? $46.80 a barrel is a wee bit different from the anticipated $114.00.. amateurs amateurs... "Oil, Oil my Kingdom for an Oil" (Apologies to Scene IV Richie III)

    Your statement is so full of..................The SNP government has no control over oil.........................George Osborne and his Treasury cronies claim the rights to all income
    Your partially correct, the SNP has no control or influence over oil prices its not their fault prices dived, it is their fault in trying to sell the public that oil would be $110 a barrel, then adding the clause, ah but oil is just a bonus, you can never budget on so volatile a commodity as history so clearly shows
    Last edited by rob murray; 02-May-16 at 10:50.

  2. #22

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    2 May Rob Murray said: Your partially correct, the SNP has no control or influence over oil prices its not their fault prices dived, it is their fault in trying to sell the public that oil would be $110 a barrel, then adding the clause, ah but oil is just a bonus, you can never budget on so volatile a commodity as history so clearly shows.

    But you are ignoring the reverse side of the drop in oil prices. The economy benefited financially from the resultant drop in consumer costs. Petrol, food etc were all reduced significantly. The net loss to the UK economy was around 1% which is insignificant

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