AN INDEPENDENT SCOTLAND WOULD BE RICH

Office of National Statistics, 2013. Published in the Glasgow Herald 27 November 2013.

If Scotland becomes independent its citizens will be richer than those in England.

This might explain why a number of people from England have already moved to Scotland.

Between 2007 and 2011,  820,000 people from the rest of the UK moved to Scotland.

Scotland becoming the place to live


Office of National Statistics, 2013. Published in the Glasgow Herald 27 November 2013.

"Television property shows used to be full of English couples moving to the Med for a better life. Now an increasing number are looking north - to Scotland.

"No prescription charges, an efficient health service, good schools and no university fees are all being cited by those moving north of the border. Add to that far cheaper property prices than in the South, and the attraction becomes even more potent."

No university fees, free prescriptions and a cheap house

The richest countries in the world, in terms of wealth per person, are mainly countries with small populations and a moderate degree of socialism:

Singapore, Norway, Sweden, Denmark...

Scotland already has its own parliament, but it has limited powers.

Scotland, since it got its parliament has been attracting more foreign direct investment than all the other parts of the UK apart from London.

Foreign investment: Catching the Scots | The Economist



Scotland's top politician Alex Salmond says that if Scotland became independent 'next week', it would be the eighth most prosperous country in the world for GDP and have an income £2,000 per head higher than the UK average.

Scottish independence 'could lead to job creation'

The mainstream media tries to tell us that Scotland will have 'adebt problem' if it becomes independent.

An independent Scotland would of course take on a share of UKdebt.

It is estimated that if Scotland took on 'a population share of UK public sector net debt', this would be equivalent to 72% of Scottish GDP.

This would be lower than the equivalent UK figure of 77%.



An alternative way to determine Scotland’s share of UK public sector debt could be to base the calculation on an estimate of Scotland's previous contributions to the UK’s public finances.

According to the economists, this would mean that Scotland’s share of UK debt would be 27.6% of Scottish GDP, lower than the population share calculation.

What about the UK's national debt? | Yes Scotland



According to Scotland's Alex Salmond:

"The one-size-fits-all economic policies of successive Westminster (London) governments have failed and are continuing to fail the people of Scotland.

"We perform well at the moment, but we should be doing so much better.

"A simple glance at many other European countries of similar size to Scotland, some without the natural advantages Scotland has, shows that we have lagged behind their growth rates for decades."

Scottish independence 'could lead to job creation'



According to Alex Salmond:

Scottish independence could lead to the creation of lots of new jobs.

According to Alex salmond, an independent Scotland would:

1. Focus on exporting more to countries such as China and Brazil.

2. Cut taxes on businesses.

3. Revive manufacturing.

There would be a revival of Scotland's engineering.

Scotland would copy Germany's Mittelstand model - promoting small firms with fewer than 250 employees.



There would be an expansion of the renewables industries, pharmaceuticals industries, financial services, food and drink, tourism and energy.

Industries would be helped through tax breaks, investment and the easing of red tape.

4. Make full use of its natural resources and huge human talent.


Conclusion

It is England that has the debt problem.

It is England that does not have vast oil wealth.

It is England that goes in for expensive foreign wars.

Vote YES for Scottish independence.

Posted in: Economy,England,GDP,North Sea Oil,Scotland