Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt

2017_RTS_Q2

Only Scotland continues to have a substantially positive trade balance, exporting considerably more than she imports and thus having a viable economy. Here are the figures for the last four years:

Deficit/Surplus in 2017

England           -£128 200 000 000

Wales              –£700 000 000

Scotland          +£4 300 000 000

N Ireland         +£1 100 000 000

Deficit/Surplus in 2016

England           -£120 038 000 000

Wales              –£55 000 000

Scotland          +£2 148 000 000

N Ireland         –£4 039 000 000 

£ Deficit/Surplus in 2015

England           -£110 358 000 000

Wales              –£1 600 000 000

Scotland          +£4 124 000 000

N Ireland         –£2 311 00 000

£ Deficit/Surplus in 2014

England           -113 877 000 000

Wales              –£2 544 000 000

Scotland          +7 917 000 000

N Ireland         –£2 106 000 000

I can’t trace the equivalent data for before 2014 but there looks like a wee trend there with England’s trade deficit having cost us billions and consequently having lumbered us with the massive debts which the austerity programme was supposed to clear but could not. I can’t see why we’d leave the Union owing them any share of the UK debt whatsoever when we clearly didn’t incur it.

https://www.uktradeinfo.com/Statistics/RTS/Pages/default.aspx

https://www.gov.uk/government/statistics/uk-regional-trade-statistics-first-quarter-2017

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11 thoughts on “Scotland’s 2017 trade surplus grows as England’s deficit soars saddling the UK with ever more debt

  1. macgilleleabhar October 13, 2017 / 10:38 am

    I don’t know if these are Westminster “Accounting” figures or true figures. If they are the latter they show a tidy wee surplus.
    Assuming they are Westminster figures they are very good indeed and would explain the growing panic in Pacific Quay and other Westminster organisations as Scottish Independence

    Liked by 1 person

    • macgilleleabhar October 13, 2017 / 10:43 am

      Proof reader has been sleeping on the job again. He missed an as instead of an at then missed a full stop. His malt allowance will be further reduced.

      Liked by 1 person

  2. macgilleleabhar October 13, 2017 / 12:34 pm

    Sorry John, my proof reader not yours. His excuse is that retirement is 24/7 with no days off or holidays.
    Your malt allowance is secure.

    Liked by 1 person

  3. Alasdair Macdonald. October 13, 2017 / 8:35 pm

    Unionist arithmetic will show that the deficit for England can be explained entirely by its feeding of the subsidy junkies in Scotland.

    Like

      • Alasdair Macdonald October 14, 2017 / 9:57 am

        It is food lorries heading SOUTH and being recorded as exports for English ports that is a problem and is a factor in the £15billion GERS ‘black hole’.

        I can recall an STV programme from around 30 years ago which was examining the ‘subsidy junkie’ jibe. There was a tirade from a woman who was in charge of the Docklands developments – DLR, Canary Wharf, City Airport, etc. – who was venally vitriolic about the money which was being poured into the ‘Celtic fringe’ and ‘the Provinces’. The interviewer than presented her with rigorous data of the amount of public funding going into Docklands, which, per capita was far greater than the per capita expenditure on the subsidy junkies. Without any sense of irony or embarrassment or indeed, self awareness, she immediately replied that this was ‘essential for the good of the country’ – everyone will benefit. The phrase ‘trickle down’ was not in circulation at the time, but was soon to be.

        Liked by 1 person

  4. Escargot October 13, 2017 / 9:21 pm

    These figures really are the smoking gun: no need to get drawn into interminable arguments with Cringers in respect of matters economic – just pull out HMRC’s own figures (they’ll be on the pessimistic side as well, as noted above).

    Like

  5. johnrobertson834 October 14, 2017 / 8:33 am

    Thanks Escargot but of course negative news broadcasters can pick the negative and say that’s what people are interested in

    Like

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