3 ms·
A number of commentators have pointed out that the 7% deficit figure doesn't make an awful lot of sense as it ignores a lot of factors regarding the structure o
by arethuza 7y ago
A number of commentators have pointed out that the 7% deficit figure doesn't make an awful lot of sense as it ignores a lot of factors regarding the structure of the UK economy that wouldn't necessarily be in place for an independent Scotland - so comparing the GERS 7% figure with a 3% figure for an actual independent country in the EU isn't comparing like with like. Makes good headlines though.
https://www.taxresearch.org.uk/Blog/2019/08/21/the-gers-data-is-ludicrous-scotland-does-not-generate-60-of-the-uks-net-fiscal-deficit/ https://www.taxresearch.org.uk/Blog/2019/08/21/the-gers-data...
Edit: Article from the same source about GERS:
https://www.taxresearch.org.uk/Blog/2019/08/21/whatever-gers-reports-today-its-important-to-remember-its-still-crap-or-a-completely-rubbish-approximation-to-the-truth/ https://www.taxresearch.org.uk/Blog/2019/08/21/whatever-gers...
- arethuza 7y agoAnd another: https://weegingerdug.wordpress.com/2019/08/04/what-the-gers-figures-really-tell-us/ https://weegingerdug.wordpress.com/2019/08/04/what-the-gers-... Edit: Funny how the "deficit" only appeared at the time independence was first discussed as a real possibility: https://wingsoverscotland.com/the-inverse-miracle/ https://wingsoverscotland.com/the-inverse-miracle/