http://www.ifs.org.uk/bns/bn135.pdf


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Now as to the oil is running out well sorry but for one thing we've heard it all before and for a second thing the demise of North Sea oil is much disputed. But either way independent or part of the UK it would hit Scotland if it did dry up. For years we've had moaning from English Tories about spending in Scotland and there is already calls for a scrapping of Barnett and reduction in the level of Scottish spending compared with England. What has held the wolves off has been the strength of the SNP in Scotland, the threat of a referendum, and the fact that we do actually more than pay our way! I for one don't believe for one moment that Scottish spending would be safeguarded should we not pay our way and I wouldn't expect it to be. Sorry but if North Sea oil revenue went through the floor then Scotland would be hit part of the UK or not!

Sorry don't mean to multi post but couldn't get this to go as one big post