Lies in "The Evening News"
Standard and Poor's never ever said that Scotland would be granted an AAA rating , it is a complete lie propagated by the SNP's standalone Propaganda unit "Business for Scotland" A group of people led by professional Propagandist Gordon MacIntyre-Kemp (himself a previous failed SNP MP candidate) to assist the SNP's dodgy and often untrue Political statements.
The complete lie is explained on the link below https://docs.google.com/document/d/16iR4zmlaf3PyU6RiNRtt4bFQt1bQ-q-P23n2xvVQnOg/mobilebasic?pli=1#id.n2qc0zqvnpn8
The second false piece of information in this letter is that "Oil is just a bonus" when it can be demondstrated time and time again to have been so important that the SNP used "Oil Revenue" to fill a huge black hole in their budget predictions in the SNP's false "White Paper" lie .
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"Instead let's simply look at the White Paper: "Scotland's Future: your guide to an independent Scotland" and consider how that dealt with the £8bn problem.
This 649 page document found room for just the one page of financial projections: an estimate of Scotland's financial position in 2016/17 "under current constitutional arrangements" (page 75). The figures used were basically a merging of GERS figures and OBR projections with a few choice adjustments.
Imagine putting this page together and having to defend these numbers. You want to be able to say "oil is just a bonus" but without admitting that without oil you've got an £8bn gap to fill.
The best you can cobble together through assumptions about "savings or increases in revenues" is £0.6bn a year (p.78). To get to this figure you've played your defence and security spending joker (the Trident card), you've had to accept that GERS figures already exclude expenditure that the Scottish Government judges we don't get any benefit from (Olympics, Crossrail, London Sewers etc.) and you've made some heroically optimistic assumptions about the costs that will be required to replace the administrative functions currently shared with the rest of the UK. And yet you've hardly dented the £8bn.
So you're back looking at oil. You've largely relied on the OBR for forecast figures (see White Paper notes 42 and 43) but they're forecasting only around £3bn for offshore receipts. So what do you do? You ignore the OBR oil forecasts and bung in assumptions for offshore revenue that range from £6.8bn to £7.9bn pa.
So the White Paper solved the £8bn problem by assuming oil revenues of up to c.£8bn.
Who'd have thunk it?
Anybody who doubts that the "oil is just a bonus" claims were rhetorical nonsense need look no further than the White Paper itself: if oil was just a bonus, why did the economic case for independence rely on it?"
This 649 page document found room for just the one page of financial projections: an estimate of Scotland's financial position in 2016/17 "under current constitutional arrangements" (page 75). The figures used were basically a merging of GERS figures and OBR projections with a few choice adjustments.
Imagine putting this page together and having to defend these numbers. You want to be able to say "oil is just a bonus" but without admitting that without oil you've got an £8bn gap to fill.
The best you can cobble together through assumptions about "savings or increases in revenues" is £0.6bn a year (p.78). To get to this figure you've played your defence and security spending joker (the Trident card), you've had to accept that GERS figures already exclude expenditure that the Scottish Government judges we don't get any benefit from (Olympics, Crossrail, London Sewers etc.) and you've made some heroically optimistic assumptions about the costs that will be required to replace the administrative functions currently shared with the rest of the UK. And yet you've hardly dented the £8bn.
So you're back looking at oil. You've largely relied on the OBR for forecast figures (see White Paper notes 42 and 43) but they're forecasting only around £3bn for offshore receipts. So what do you do? You ignore the OBR oil forecasts and bung in assumptions for offshore revenue that range from £6.8bn to £7.9bn pa.
So the White Paper solved the £8bn problem by assuming oil revenues of up to c.£8bn.
Who'd have thunk it?
Anybody who doubts that the "oil is just a bonus" claims were rhetorical nonsense need look no further than the White Paper itself: if oil was just a bonus, why did the economic case for independence rely on it?"
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The above text was taken from here
If you are not sure you can trust this data check here for the long list of prominent economists and other people from both sides of the Independence arguement who back Kevin's data as "True and Factual"
For a good grounding on how Scotland economy functions and an overview of the White Paper watch these short series of Videos
The "Business for Scotland" group have been exposed as a group set up to produce false propaganda on behalf of the SNP outside of the UK's Electoral Commissions rules for campaigners.
Many of "Business for Scotlands " members and its propaganda lies have been exposed and explained on the link below.
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How Alex Salmond avoids paying Income Tax to his very own Scottish Goverment
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