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.

[Returnofrros]

Depends on your NI contributions over the years 🤓

No it dosent, there is no fund, no pool.

I cud pay a grand a week in NI or have my stamp paid cause I'm sick.

I'll get the same pension either way.

[Returnofrros]

New Scottish pensioners would be the responsibility of the scottish government, no vagueness there. Existing UK pensioners who live in Scotland is the complication. The UK Pension Authority had said UK pensioners at the time of any independence would still be rUK responsibility but politicians will say otherwise. The Better Together campaign of course lied to pensioners telling them their pensions would stop overnight. Nasty business, this politics stuff.

No they never.

They said they were at risk of getting the same amount or continuing to have the triple lock , which they were and will be if independence ever came to pass.

[BCram]

No it dosent, there is no fund, no pool.

I cud pay a grand a week in NI or have my stamp paid cause I'm sick.

I'll get the same pension either way.

Exactly this.

[Returnofrros]

You can check your entitlement via the HMRC website, shows how much you've contributed and what your entitlement to pension is. Doesn't show the value of your fund, they only do that when yer deid.

There is no fund.

[islaydarkblue]

Export taxes will be a start. All whisky produced in Scotland and all oil / gas landed in Scotland and subsequently exported to foreign countries such as England.

Most of the Whisky companies in Scotland have their head office in England or are foreign owned.
The whisky distilleries on Islay are
Ardbeg - French owned (LVMH)
Lagavulin - Owned by Diageo whose head office is in London
Laphroaig - Japanese owned ( Suntory)
Bowmore - Japanese owned (Suntory)
Bruichladdich - French owned (Remy Cointreau)
Kilchoman - owned by the Wills family who own Foreland Estate. They are the W D & H O Wills (Cigarettes and tobacco) family from Bristol England
Caol ILA - Diageo. Head office in London
Ardnahoe - owned by the Hunter Laing whisky blenders and bottlers who are based in Scotland
Bunnahabhain Distillery - owned by Distell who are a South African company.
Out of nine working whisky distilleries only one is Scottish owned.
Ardnahoe and Kilchoman distilleries are the two smallest whisky distilleries on Islay.
There will be precious little corporation tax paid to the Treasury department of an independent Scotland with only one Islay distillery owned by a company based in Scotland.

[Taintedice]

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.

McCrone report. And don't believe oil has been and gone, just one company, Shell, recorded UK revenues of £80bn in 2018/19, oil isn't just for making petrol. Scotland doesn't get any per capita share of revenues paid to UK treasury, only per capita share of UK costs. Not sure what the 10% English taxes thing is, Scotland receives nothing from the English taxpayer, rightly so. As for independence supporters proving their case, polls are above 50% consistently, so maybe time for dependency campaigners to present their case, no?

[Taintedice]

There is no fund.

of course there is, and we're all entitled to our share when the time comes. The funding of the fund was up for debate in earlier pages, but there is a fund.

[islaydarkblue]

Might find England could buy oil cheaper elsewhere, so not sure getting our oil is such an obvious benefit but open to being convinced.

Norway is the main supplier of crude oil and Liquified Natural gas (LNG) into the U.K. https://www.statista.com/statistics/...ed-kingdom-uk/
The North Sea Oil pipeline now owned by Ineos only goes as far as Grangemouth so there would be no requirement for England to purchase North Sea Oil from this pipeline.
Shetland Islands councillors have recently put plans into operation to hold a referendum on the Shetland Isles residents voting to decide whether they leave Scotland or not. The residents of the Orkney Islands are likely to follow suit as the residents of both groups of islands are fed up with the centralisation of everything in Edinburgh.
Both the Shetland Isles and Orkney Isles could easily become independent as both islands have oil pipelines from various oil fields.
Shetland has the Sullom Voe oil terminal.
Orkney has the Flotta oil terminal. https://www.gov.uk/hmrc-internal-man...l/hcoteg113280
An independent Shetland and Orkney could sell the oil from the Sullom Voe and Flotta oil terminals to England.

[islaydarkblue]

I wonder how much whiskey we export to England, I can’t see them allowing to just keep the truck loads cross the border with out a tax added, remember they won’t be governed by the EU so can put what ever tax they want on our exports

There are currently several whisky distilleries in England and Wales in production. The sale of whisky produced in England has increased since the 2014 independence referendum. I am surprised that large whisky distilleries have not been constructed in the North of England where they have the same soft water as Scotland They are closer to the main markets in England and large ports for exports.