Saturday, April 14, 2012


(Skint? Us? Think again Engloaned)

On 14 April 2012, The Economist produced an article, about independence for Scotland, which contains a lot of useful factual information.

According to the article (The Scottish play):

1. "Scotland could probably go it alone now".

2. In 2010-11 Scotland produced about 10% of Britain's GDP.

Yet it has only 8.4% of Britain's population.

Website for this image

3. The export value of Scotch whisky rose by 71% between 2006 and 2011 to £4.23 billion ($6.72 billion).

Over the same period food exports have risen by a similarly impressive 65%. (Could luxury exports help finance independence? )

Oil revenues, in 2010-11, amounted to £8.8 billion.

In 2010-11 Scotland’s GDP was £145 billion.

After the Game
Scotland by indigo_girl

4. "North Sea oil and gas would have made Scotland rich ... Declassified documents show that, in the 1970s, Treasury officials reckoned Scotland could comfortably have paid its own way."

Oil and gas prices are soaring.

The average oil price was $62 a barrel in 2009; in 2011 it was $111.

A ... bet for continued growth is oil services. There is already a thriving hub of technical firms around Aberdeen.

Alex Salmond in the USA

Of course, The Economist article contains a lot of spin.

It tries to tell us that SMALL countries are VULNERABLE.

The Economist does not mention that Ireland and Iceland, in spite of their banking difficulties, are still today much richer than Britain.

And, it is the small countries that are still the richest in the world:

Luxembourg (which has no oil)

Singapore (which has no oil)







Young Piper
Scotland by cessna152towser

"Alex Salmond rightly points out, Britain is hardly in surplus right now - for every £6 Osborne (UK economics minister) spends, he has to scrounge £1 from the international debt markets...

"So now is not a good time for London politicians to say that a country which can’t balance its books is not a viable country.

"The UK has not balanced its books for ten years now, and probably won’t for most of this decade."

The right-wing London based 'Spectator' magazine admits that an independent Scotland could pay its own way

On 15 April 2012, in The Herald, columnist Iain Macwhirter comments on The Economist's recent article on independence for Scotland.

(Skint? Us? Think again Engloaned)

Macwhirter points out:

1. "Scotland would be one of the six wealthiest countries in the world if it became independent tomorrow."

2. The Economist dismissed oil as a spent resource.

But, "there is still 40% of the black stuff under the North Sea worth at least £1 trillion.

"Scotland's oil and gas industry is set to generate a revenue stream of £379 billion, according to PricewaterhouseCooper's analysis in November 2011."

3. Scotland has "25% of Europe's offshore wind and tidal energy potential."

4. Scotland has five of the world's top universities, more than much larger countries like France.

Scotland produces more graduates per head than any country in Europe.

5. Tourism and whisky exports bring in more than £8bn a year.

"Even the financial services sector is still pulling in cash."

Despite the banking crash.

6. The capital of Great Bankruptland is Loandon.



Anonymous said...

Anonymous said...

aferrismoon said...

Also Monaco and Brunei and the whole of the Balkans.

Considering the Scottish 'diaspora' perhaps many countries with Scootish migrants would be happy to support its independence - Canada, NZ, Oz , and Uganda [ or at least they would've under Idi Amin :) ].

Maybe an independent SCotland could buy a wee bit of Northumberland , or even Newcastle.


Zoompad said...

Isn't it funny how the human rights of suspected terrorists are so carefully considered by judges, yet other people ie ordinary mums can be tortured for two hours and made to cry and scream with terror in a secret family courts, funny that, isn't it, L.J.Gross?

Tony Ryals said...

Death in China Alarmed Some U.K. Officials
Consular Aides' Suspicions Arose Months Before London Asked for an Investigation

The death of the businessman, Neil Heywood, has led to the biggest political crisis in more than two decades in China. The Chinese government announced Tuesday that a top Communist Party official Mr. Heywood was close to, Bo Xilai, had been removed from all his posts, and his wife, Gu Kailai, was held as a suspect in the murder of Mr. Heywood.

The saga is now also raising difficult questions for the British government, which didn't ask for an investigation into Mr. Heywood's death until mid-February and has repeatedly said it had no reason initially to be suspicious about his demise.......

Quelle Surprise: He’s desperately behind in the polls weeks away from an election, so what does Sarkozy do? He attacks the English again

By Daily Mail Reporter

Britain's prized 'triple-A' rating is safe, according to one of the three major economic rating agencies.

The announcement will be a vital boost to the Chancellor battered over his Budget and under fire yesterday from French President Nicolas Sarkozy.....

S&P, which has stripped France and the U.S. of their AAA ratings, added: 'Our expectation is the government will continue to consolidate public finances'.

The move contrasts with Sarkozy's attack on Britain in a desperate bid to boost his flagging presidential election campaign.

He claimed Britain's economy is in a 'far worse situation' than his own and hit back at a Financial Times article which branded his pledges to create jobs as 'broken promises'.

Jman On Sunday said...

Don't be positive about Scotland, you know it's bad for you! ;)

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