Another little compare and contrast for you here.
First, here is the Scotsman’s take…
For John Swinney’s argument of earlier this week that Scotland would have had a £4.4 billion relative surplus to play with, the news is bad. North Sea revenues are forecast to fall by £4.8 billion, from £11.3 billion in 2011-12 to £6.5 billion in 2012-13, wiping out all of this relative surplus, and more.
And now from the Financial Times…
Budget 2013: North Sea buoys Scottish independence hopes
For Mr Salmond’s Scottish National party, the North Sea’s untapped riches are evidence that Scotland would not only be viable if it chooses independence in a referendum set for 2014, but that it would actually be better off.
The FT are a little bit sniffy about cutting and pasting so the rest of that is here. The article basically says that the deficit in Scotland would be a great deal lower than that of the UK as a result of oil revenues.
It just shows that economists and journalists can basically take a set of figures and read what the hell they like into them. Whether this is for ideological motives or otherwise, you’ll have to decide for yourselves.