Figures released by the British government this morning show that Scotland’s budget deficit was 9.5 per cent of the country’s economic output in the tax year 2015-16. This compared with a 4 per cent deficit for the whole of Britain.
Scotland’s share of North Sea oil revenue was £76m in 2015-16, compared with £2.25 billion the previous year and almost £11 billion in 2011-12.
According to the Government Expenditure and...
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