Per head, Scotland now exports nearly half as much again as England, has a surplus, and so would have no national debt

BBC Scotland Business above today, nothing on this below.

From the Scottish Government website this morning:

When comparing the value of Scotland’s goods exports in the year ending June 2023 with the year ending June 2022: The value of Scotland’s international goods exports increased by 12.6% to £36.7 billion. 

https://www.gov.scot/publications/scotlands-international-goods-trade-quarter-2-2023/pages/international-goods-exports-eu-and-non-eu-combined/

Scotland now exports £36.7 bn compared to England’s £250 bn so, pro rata, with a tenth of the population, Scotland exports 46.8% more.

Scotland only imports £35.1 bn and so has a surplus of £1.6 bn. England imports £470 bn and so has a massive deficit of £220 bn!

Scotland’s export surplus goes back centuries and so it would never have required the massive debt that England needs but a share of that is annually added to its GERS data to give it an overall deficit.

3 thoughts on “Per head, Scotland now exports nearly half as much again as England, has a surplus, and so would have no national debt

  1. Ah, but ….food prices hus fell tae 0.1% ablow whit they wur a while ago an Gregg’s is sellin merr pies. This proves wur Better thegither.

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