Remember this ‘gift’ is a loan that will be added to ‘Scotland’s budget deficit’ in GERS 2022
Unlike Scotland, the UK has a massive trade deficit, importing far more than it exports, so must borrow to pay for costs such as this emergency funding. The Treasury borrows it and we pay it back with interest. Ireland, Iceland, Denmark and all the others have done the same. With a trade surplus such as Scotland has, we’d find it easier to pay back. But here, next year, a share of the massive decades-old UK debt, we wouldn’t need if independent, will have grown, to further suggest we cannot survive. The unwanted costs of Trident, nuclear power and military projection, … Continue reading Remember this ‘gift’ is a loan that will be added to ‘Scotland’s budget deficit’ in GERS 2022
