58% and rising

[BCram]

It's not unreasonable for an independent Scotland to get some return on its resources, currently it's zero for oil and gas and negative for electricity generation so anything higher than that would be beneficial. Does it not even bother you that Scotland missed out on 100% of the revenues from the north sea?

Of course it bothers me. It bothered the Westminster government that the report they commissioned that showed the transformative nature of the revenues would provide a very strong argument for independence was buried. That's gone now and being cross about it will not get the money back. Can someone remind be of the name of the person who wrote that report? The oil revenues would be part of the taxes/revenue collected by HMRC or whatever the relevant department. As such i think we get our per capita share which as with ex iseduty is 10% of the value and not 100%. The point still remains that 10% of English tax revenues. I don't know the numbers but perhaps 10% of English tax revenues is more than all the oil and excise duties that are wholly earned in Scotland. The Gers figures are mentioned regularly by both sides and it was be cause they were so hotly disputed that this thread got going. I think the indepence movement needs to do more to prove their case.

[islaydarkblue]

Of course it bothers me. It bothered the Westminster government that the report they commissioned that showed the transformative nature of the revenues would provide a very strong argument for independence was buried. That's gone now and being cross about it will not get the money back. Can someone remind be of the name of the person who wrote that report? The oil revenues would be part of the taxes/revenue collected by HMRC or whatever the relevant department. As such i think we get our per capita share which as with ex iseduty is 10% of the value and not 100%. The point still remains that 10% of English tax revenues. I don't know the numbers but perhaps 10% of English tax revenues is more than all the oil and excise duties that are wholly earned in Scotland. The Gers figures are mentioned regularly by both sides and it was be cause they were so hotly disputed that this thread got going. I think the indepence movement needs to do more to prove their case.

Last year I read a report which stated that Greater London and the South East of England raised more in taxes that Scotland, the North of England and North West England combined. From memory I think that this included the Greater Manchester area.
One thing is certain. If Greater London and the South East of England decided to declare independence from the rest of the U.K. they would be very well off and the remainder of the U.K. would be bankrupt.