58% and rising

[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.

[islaydarkblue]

There is no fund.

You are correct.
There has never been a fund set aside for the payment of old age pensions.
The payment of old age pensions is paid out of current taxation.
Someone previously correctly posted that there are not enough high earners working and living in Scotland.
This has been made worse by the former cabinet secretary for finance Derek MacKay bringing in Scottish taxation rates which means
that any employee in Scotland earning just over £26,000 per annum pays more tax than someone earning the same salary in the
rest of the U.K.
As a result there has been a shortfall in the protected amount of tax to be raised under the Scottish taxation scheme .
To date the Westminster Government has paid this shortfall by increasing the amount handed over as the block grant but it will not continue.
Eventually the Scottish Government will have to learn to stand on its own two feet if it wants have its own Scottish taxation rates.

[islaydarkblue]

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.

What is the name of this fund and what is its current balance.
If you do not know the balance you can easily find out by sending a Freedom of Information request to the U.K. Treasury.

[islaydarkblue]

I enclose details about the payment of state pensions in the U.K. which explains everything. https://en.m.wikipedia.org/wiki/Pens...United_Kingdom
When the National Insurance stamp was introduced it was assumed that this covered Health and the payment of the state pension.
However this is no longer the case as the payment of National Insurance is just another tax.

[noahrab]

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.

Export taxes.

You haven’t really thought about that one.

[noahrab]

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.

I don’t think they did.

They rightly pointed out that an iScotland would have to fund pensions from day 1 and questioned the economics behind it.

[noahrab]

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?

The only poll that counts was the referendum in 2014.

We decided to stay part of the Uk back then and another one isn’t happening anytime soon.

[noahrab]

The grantzer guy will be trying to take all these posts in, which are mostly well informed, apart from the ones from the usual suspects.

Typing his next stupidy stupidy stupid post with his forehead.

[Returnofrros]

What is the name of this fund and what is its current balance.
If you do not know the balance you can easily find out by sending a Freedom of Information request to the U.K. Treasury.

The invisible fund.

Objective of the fund: to fool nationalists into believing there is a fund.

Run by: Peter Brady

Past performance: 1 year zip, 5 years zip, 10 years zip.

Fund based: la la land.

[noahrab]

The invisible fund.

Objective of the fund: to fool nationalists into believing there is a fund.

Run by: Peter Brady

Past performance: 1 year zip, 5 years zip, 10 years zip.

Fund based: la la land.

Plays to the ‘big bad English Tory basturds stealing our money’ narrative.