Scottish spun-GERS
Update, 26/09/2020: The joke at the foot of this post, the pseudo-graph from pseudo Kevin Hague, has been picked up and republished by Munguin's Republic , a lovely site with stunning nature pics, a strong but unencumbering commitment to Scottish independence, and jokes. Thanks, Tris, and best wishes in the ongoing struggle. IT'S TIME for a brief look at GERS, the "Government Expenditure and Revenue in Scotland" report. The usual narrative is: • Scotland has a deficit, because it spends more on public services than it raises in taxes. • The UK funds that deficit by giving money to the Scottish Government (the "fiscal transfer"). This means that Scotland sponges on the UK. • An independent Scotland couldn't fund that difference. All nice and clear, then - and all nice and falsely spun. Let's look at those falsehoods. Firstly, deficits are normal: all countries in the world have deficits, bar a handful of tax havens. What matters is whether a country...