UK Politics

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Scotland’s net fiscal deficit widens to almost 12% of GDP (www.ft.com)

submitted 1 month ago by steeznson@lemmy.world to c/uk_politics@feddit.uk

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As a Scottish person I ended up voting No last time because I wasn't really convinced by the economic argument. The oil price going over $50 a barrel was the nail in the coffin for the North Sea oil too, although that happened a year or two after the indieRef vote.

I do think there is a possibility to create the "economic miracle" that the SNP are describing in an independent Scotland if we chose to become a tax haven like Republic of Ireland. Scotland has a small, homogeneous population of comparitively highly educated people, centralised around two cities which are 45 mins apart. These factors make it an ideal candidate for becoming a tax haven, however I'm not convinced that is what people who support independence would want or be voting for in a hypothetical referendum. I suppose all of this is a hypothetical given that another vote is unlikely to happen for at least a decade or two.

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[–] steeznson@lemmy.world 3 points 1 month ago* (last edited 1 month ago)

I did Advanced Higher Econonics (and got a B) so I have some understanding of it!

Edit: If you are reading this and are not Scottish, we do our highers in the penultimate year of school and these are like our A-levels and then there's an option to do Advanced Higher in your final year which is roughly equivalent to a first year uni module.