It turns out Scotland isn’t the first country to be too wee, too poor and too stupid for independence from the mighty and benificent United Kingdom.
Depending on which parts of the media you were reading yesterday and this morning, the economic case for independence was either “shattered” (the Herald), “demolished” (the Spectator), “shredded” (Daily Record), “smashed to smithereens” (Willie Rennie, bless) or any number of other apocalyptic metaphors for total destruction, by a 1% fall in Scottish revenues resulting from a steep drop in oil prices which led to a notional Scottish budget deficit that by some measures was as high as 10% of GDP.
We must assume, then, that the economic case for the UK being an independent nation was rendered unto ruins in 2009-10, when its deficit exceeded 11% of GDP.
Economics: The art of explaining why all of your models fail to accurately predict either the future or the past.
It’s the time of year again when everyone glances at the first page of a dense booklet of complex economic data and immediately starts using it to make wild forecasts and proclamations despite the long-known problems with doing so.
So it’s also, once again, time to try looking a little further to tease out some details that others might have – let’s be generous here – accidentally missed.
(The GERS figures actually showed Scotland’s revenues in 2014/15 dropping by ONE PERCENT as a result of the oil price collapse. Non-oil revenues were UP by 3.2%.)
This year’s GERS figures will be published today, purporting to illustrate the financial relationship between Scotland and the rest of the UK. With oil revenues down, they’ll undoubtedly provoke an orgasmic explosion of glee among Unionists crowing about “black holes” and how Scotland is too wee, too poor and too stupid to survive alone.
We’ve already run an extremely detailed explanation of all the flaws and booby-traps in GERS, but of course we’re a pro-independence website and we would say that. So instead we’ll direct you to someone who’s very much NOT on our side.
This week Scottish Labour have been attacking the SNP’s rather timid plans for the reform of Council Tax, which is an entirely fair and legitimate opposition pursuit.
But as is their wont, Kezia Dugdale’s branch office just can’t help overplaying their hand and doing it in a highly dishonest way.
An alert reader just found this. It’s quite something.
We especially liked this bit:
“The growing practice of the socialist government is to take decisions vitally affecting Scotland in Whitehall… this is a process which we have every intention of setting in direct reverse.”
(1m 46s)
We thought you might like to see this snippet from a recent edition of the BBC News channel’s newspapers round-up, spotted by an alert reader.
We particularly enjoy the obviousness with which presenter Martine Croxall is being fed random titles into her earpiece by a panicking producer in response to freelancer stringer Matthew Green’s unexpected observation.
0 days remaining. Total at 9am today: £80,273 (Last 24 hours: £3,348)
Wings Over Scotland is a thing that exists.
