Figures show volatility in Scotland's income

Published on Friday, 19 April 2013 09:40
Posted by Vicki Mitchem

Responding to the Scottish Government's report on Scotland's financial strength published today, Scottish Labour's Ken Macintosh MSP, said:

"These figures show the remarkable volatility in Scotland's income over the past thirty years as a direct result of the fluctuating fortunes of North Sea Oil.

"Any proper analysis would have reached the same conclusion as Professor Joseph Stiglitz, that an economy wholly based on a depleting natural resource is unsustainable.

"To say as John Swinney has that these figures prove Scotland could have higher levels of spending following independence is not just imprudent, it is fiscally illiterate. Pledging to run a deficit is not something we should be proud of.

"Why should anyone believe any figures produced by the SNP when we know they are saying one thing in public and something completely different in private."

Source: Scottish Labour

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