dgp4indy

Economics/Finance

The Barnett Formula Does Not Subsidise Scotland!

"In stark terms and only looking at one of many devolved expenditure areas, the Barnett Formula will withhold from Scotland, over the five years covered by the spending review, enough money to have hired approximately 7,955 additional NHS medical professionals. That is not a bonus – it’s a smoke and mirrors mechanism that aims to reduce the Scottish Government’s spending power in real terms."
https://www.businessforscotland.com

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

The Accounting Trick That Hides Scotland's Wealth

"Every Westminster Government in your lifetime has knowingly diverted tens of billions of pounds of Scottish revenues to Westminster. This has led to lower investment in Scotland, higher unemployment, lower economic growth, lower standards of living, economic migration and growing inequality and poverty. All of which would not have been the case if Scotland was an independent country..."
https://www.businessforscotland.com

GDP Is A Useless Measure Of An Economy

"A country’s GDP is an estimate of the total value of goods and services they produce. But even when the concept was first developed back in the late 1930s, the man behind it, Simon Kuznets, warned it was not a suitable measure of a country’s economic development: “He understood that GDP is not a welfare measure, it is not a measure of how well we are all doing. It counts the things that we’re buying and selling, but it’s quite possible for GDP to go in the opposite direction of welfare"."
https://talkingupscotlandtwo.com