dgp4indy

Scotland Won't Need To Repay The UK's National Debt

"These arguments lead to at least three conclusions. 

The first is that Scotland does not have any obligation to compensate  England any part of the  so-called UK national debt as agent for the rest of the UK because no part of that debt can at present be attributed to Scotland.

The second conclusion is that even if Scotland did have a notional liability owing to the rest of the UK  the capital balance on the loan would not need repayment because there is no indication that the remaining UK will be repaying any of its debt, and therefore there is no reason for Scotland to make payment to the rest of the UK for something that they will not be doing.

Third, even if debt was due right now it would be the case that around £19bn was due to Scotland."
https://www.taxresearch.org.uk

Mythbuster: We Can't Afford The Interest On The National Debt

"the average interest rate paid on UK national debt has been falling steadily.

So too has the cost of the interest on that debt be(e)n falling as a part of GDP and of total government spending. Just 4p in every pound the government now spends goes on interest payments. And two-thirds of that goes to people in the UK.

In that case the idea that interest payments on the national debt will be a massive burden makes no sense at all."
https://www.taxresearch.org.uk

The Tories Are The Biggest Government Borrowers

"So what do we learn? Two essential things, I suggest. First, Labour borrows less than the Conservatives. The data shows that. And second, Labour has always repaid debt more often than the Conservatives, and has always repaid more debt, on average. The trend does not vary however you do the data. I have tried time lagging it for example: it makes no difference. 

Or, to put it another way, the Conservatives are the party of high UK borrowing and low debt repayment contrary to all popular belief.
https://www.taxresearch.org.uk

Westminster Secretly Sends Scotland's Budget South

"Thousands of highly paid and skilled jobs that Scotland’s Government pays for are located outside of Scotland. So, the tax and NIC’s, and economic benefits of their wages go to the rest of the UK and not to Scotland. This means, tens of millions of savings and the same in additional new Scottish revenues would be gained in the event of independence."
https://www.businessforscotland.com

How The UK Loads Debt Onto Scotland

"So, with no borrowing powers, Scotland could not gave accrued debt, and even as a region of the U.K., it has always been in surplus. Even under the worst governance imaginable in an independent Scotland, we would have been better off than we are now. All GERS ever shows is how badly the Union has failed Scotland."

Why don't the Scottish Government wise up to this and stop behaving as if GERS are gospel?  Why don't they produce proper staistics of their own to show Scotland's true economic health.
https://talkingupscotlandtwo.com