re: Scots voted 55 per cent to 45 per cent against independence
In the run up to the referendum on Scottish independence opinions on the likely state of a post-UK Scottish economy are varied. Some commentators believe that a current account surplus would accrue to Scotland (including oil and gas revenues).[SUP][71]](Economy of Scotland - Wikipedia)[/SUP] In response, a spokesman for finance secretary John Swinney referred to “the UK’s deteriorating growth outlook" and noted that Scotland was the only area of the UK outside London to record output growth between 2007 and 2010 and that "among the 12 nations and regions of the UK, Scotland is the third most prosperous in terms of output per head – behind only London and the South East of England.”[SUP][72]](Economy of Scotland - Wikipedia)[/SUP]
Scotland has 8.4% of the UK population, 32% of the land mass and generates 9.9% (£56.9bn) of UK tax revenues, and receives 9.3% (£64.5bn) of UK spending back from Westminster.[SUP][73]](Economy of Scotland - Wikipedia)[/SUP] In 2011-2012, this amounted to a budget deficit of 2.3% of GDP, lower than the UK’s overall budget deficit for the same period of 6.0% of GDP.[SUP][73]](Economy of Scotland - Wikipedia)[/SUP]
The Scottish unemployment rate stands at 7.3% as of April 2013, which is below the UK figure of 7.9%. Scotland’s youth unemployment rate is also lower, standing at 16.1% compared to 20.6% for the rest of the UK.***From the above report seems Scottland will be better off without the free spending English!
Just sale of Scott Towels alone to the English because of indigestion with runs:) after the Division should make the Frugal Scotts Rich!
**](Economy of Scotland - Wikipedia)
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