In Scotland on Sunday today, Andrew Wilson says that the economics of Scotland’s choice are quite easy to understand. He points out that without oil we perform to the average of the UK and the best of any UK region outside the South-East.
His plea is that we hear much less about oil and its future, and a lot more about how badly it has been managed by Westminster.
Scotland is the only oil producing region anywhere in the world which has not even 1 cent of wealth fund to show for it. Norway has $700 billion.
Thatcher used the vast amounts that our oil generated to fund unemployment as she deindustrialised the UK economy, gave massive tax cuts to the rich and reduced the income tax burden on others and wasted even more of it on nuclear weapons.
According to the Daily Mail (usual warnings apply) the deputy prime minister of the Uk is not happy about paying his bar bill at his stately home, official country residence. Chevening is shared between Clegg and the Foreign Secretary. (We assume that they are not having to bunk up together as the place has over 150 rooms.) The rules are that when he is entertaining there as deputy prime minister, we pay for his food and drink and that of his invitees, however, when he uses the home for family and friends HE is supposed to pick up the tab. He apparently objects to this...
Cameron is off on holiday again. He's gone to Portugal this time. That's nice for him. He's apparently having 4 holidays this year. Nice. Well, at least I suppose that it could be said that while he's away in Portugal or wherever else, he's not causing havoc in London.