SCOTLAND SUBSIDISES THE UK
England is bust.
Scotland is not.
The Scottish Government (SNP: Scots 'subsidise the rest of UK by billions of pounds a year') has pointed out that:
1. Scotland makes a profit more often than the UK.
Even with 100 % of Scotland's oil revenues the UK made a loss in nine years between 1981 and 2009.
Scotland made a loss in six years between 1981 and 2009.
2. Scotland borrows less than the UK.
Between 1981 and 2009, Scotland's £23.5bn worth of borrowing was just under half its population share of the cumulative UK debt of £672.5bn.
3. Scotland pays its own way.
The 2009 Government Expenditure and Revenue Scotland (Gers) report stated that in 2007-8, some £2.3bn more tax was raised north of the Border than spent.
A spokesman for the Scottish government said: "Scotland has consistently outperformed the rest of the UK… It is Britain that is bust, not Scotland and these figures prove it."