58% and rising

[Deeranged]

Scotland’s major exports are not taxed at the UK border as they don’t leave the UK.

60% of our exports go to the rest of the UK. Approx 22% to European Union and only 18% to the RotW.

And if we were independent would we just not bother charging export tax for anything exported to rest of UK?

[BCram]

Gold and foreign currency reserves would total about £50bn for a per capita share, if Scotland is expected to take per capital share of debt. Not sure what current expenditure you're referring to. Would cost rUK over £200bn and at least a decade to relocate Trident so deals to be made, cheer up.

The annual budget deficit as per the Barnett formula is about £10bn so at £50bn that's 5 years and we are back to borrowing. If our share of reserves is £50bn on a per capita basis that implies that the total value of UK assets is £5trillion. Have just Googled the figure and the value seems to be £5.5trillion.

[Taintedice]

Only by the SNP who want the focus away from what they have real responsibility and accountability over. The braveheart brigadoon brigade will fall for it though.

The Scottish NHS is nothing to do with anyone other than the Scottish government.

The internal market bill gives Westminster control over all devolved matters, including the NHS. That's bigger than the SNP, it means Westminster can block anything the Scottish govt does. Johnson has already threatened to take control of the SNHS, so the question is, do you trust him and Gove, 2 coke addicts who quite happily phukked up the brexit negotiations for their own benefit.

[Taintedice]

Scotland’s major exports are not taxed at the UK border as they don’t leave the UK.

60% of our exports go to the rest of the UK. Approx 22% to European Union and only 18% to the RotW.

Half of that 60% is financial services, can't really call them exports. What you can say is that all the interest on mortgages, car loans, any sort of loan, is not taxed in Scotland, it goes straight into the UKs pocket. In an independent Scotland, it's not unreasonable to think Scottish banks would offer these products, especially when any new currency is up and running. If rUK has no relationship with EU or the US, they're unlikely to hinder trade with Scotland as well, especially as a significant export is energy. A Scottish stock exchange could also be worth millions in taxes which currently go to the UK. Whether this is all achievable is uncertain tbh.

[Taintedice]

The annual budget deficit as per the Barnett formula is about £10bn so at £50bn that's 5 years and we are back to borrowing. If our share of reserves is £50bn on a per capita basis that implies that the total value of UK assets is £5trillion. Have just Googled the figure and the value seems to be £5.5trillion.

The barnett formula has nothing to do with the notional deficit which results from UK taxation and spending policies i.e. it doesn't tax enough to pay for its spending. Barnett is a myth anyway, tories have spent around £30bn on track and trace and dodgy PPE in England in the past 6 months with zero barnett for any devolved nation. Putting it plainly, Scotland receives nothing from the UK that it hasn't paid in to the treasury, unless you believe Trident and tax breaks to billionaires benefits Scots.

[noahrab]

And if we were independent would we just not bother charging export tax for anything exported to rest of UK?

Brilliant, let’s charge export tax and make products/produce uncompetitive.

The economics of the madhouse.

[noahrab]

The internal market bill gives Westminster control over all devolved matters, including the NHS. That's bigger than the SNP, it means Westminster can block anything the Scottish govt does. Johnson has already threatened to take control of the SNHS, so the question is, do you trust him and Gove, 2 coke addicts who quite happily phukked up the brexit negotiations for their own benefit.

Coke addicts.

What a phuckin clown.

[BCram]

The barnett formula has nothing to do with the notional deficit which results from UK taxation and spending policies i.e. it doesn't tax enough to pay for its spending. Barnett is a myth anyway, tories have spent around £30bn on track and trace and dodgy PPE in England in the past 6 months with zero barnett for any devolved nation. Putting it plainly, Scotland receives nothing from the UK that it hasn't paid in to the treasury, unless you believe Trident and tax breaks to billionaires benefits Scots.

Do you think that Scottish generated tax receipts are more than we spend? I have not seen any figures that show this.

[BCram]

Are excise duties collected when the spirits etc are sold to the consumer? Would be handy to understand when the government gets its hands on the tax. Think tariffs are levied by the buying country so not sure that Scotland is looking to raise even more taxes from the whisky industry

[Taintedice]

Coke addicts.

What a phuckin clown.

I see you and rros are getting a bit frustrated at not getting it all your own way on here, try and keep it civil, eh, it's not Twitter Gove and Johnson are long-term coke addicts, that is a fact, phukk knows why you two keep defending these clowns