Scotland’s exports saving UK from greater economic disaster

2013-06-12-scottish-oil-and-gas-boom-figure-3

(I know 2010 and before the big West of Shetland finds)

I’ve already reported on the return to massive wealth generation in the Scottish oilfields and the consequent flow into the Treasury which will once more save the UK economy from complete disaster. See:

A wealthy independent Scotland? Nearly $300 billion in new oil revenue to be unlocked in latest offshore licensing round.

Scottish oil surging back toward £100 per barrel and massive Treasury revenue?

We already know that Scotland is the only part of the UK with a solid, reliable trade surplus, even without massive oil income, and that Whisky plays a big part in this. See this, today, from the Scotch Whisky Association:

‘[UK] Trade deficit ‘much worse without Scotch whisky exports’. Scotch Whisky Association figures show that in 2017 the value of exports of Scotch whisky increased by 8.9% to a record high of £4.37bn. Single malt exports also continue to grow, up 14% year-on-year to £1. The UK’s trade deficit would be almost 3% greater without Scotch whisky exports, according to new analysis.’

https://www.insider.co.uk/news/scotch-whisky-association-exports-deficit-12581036

For more on our trade surplus, much ignored by our media, see:

Scotland remains only part of UK with strong trade surplus as Scotsman attempts to deceive with selective and out-of-date figures.

Scotland’s trade surplus to grow at fastest rate since 2014

Scotland’s exports increase more than those of rUK in 2017 and we remain the only part of the UK with a significant trade surplus which would require no debt

Is Scotland being dragged under by London and the South’s massive trade deficit as the consequent debt mountain frustrates the Chancellor?

 

 

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16 thoughts on “Scotland’s exports saving UK from greater economic disaster

  1. kelticgirl May 23, 2018 / 11:55 am

    so even with the stolen oil fields rUK is nowhere near as oil rich as Scotland

    Liked by 2 people

  2. Alan May 23, 2018 / 1:27 pm

    I know Norway isn’t a full member of the EU, but surely it should be included in any proper analysis of Europe’s oil reserves?

    Nevertheless, that oil is a strong bonus.

    Liked by 1 person

    • johnrobertson834 May 23, 2018 / 3:38 pm

      Yes, I noticed it’s absence straightway but they’re being strict in case someone picks them up on it?

      Liked by 1 person

    • Rockhaggis May 23, 2018 / 7:11 pm

      I disagree …. Its a common ruse used by pro EU voices to infer the EU is Europe. It is not!. Nor are many of the organisations, agencies and bodies that are quoted as being such a benefit to us, function of the EU, but separate self governing bodies. The blurring of the ‘EU’ with ‘Europe’ is akin to the English colonial unionist establishment, trying to Infer that Britain/UK is a single national entity ……… which is isn’t! Scotlands oil will out strip Norways very soon as the west is opened up. Either way … Europe or the EU … we keep the UK afloat and the English colonial establishment will never , can never allow us to go our own way. They will used force if necessary …

      Liked by 1 person

  3. gavin May 23, 2018 / 2:05 pm

    Is this why the Toadying Tories are bigging up “British” whisky? Next up–North British beef.
    Oh, and Scotland no longer has fishing stocks. They will be off to London control as quick as Ruthie can say “smile”!
    Hill farms? Forget them. Gove wants Scotland’s farming moneys to pay big private estates to keep up their croquet lawns and forested parklands.

    You will be able to visit at week-ends. £25 at the gate!

    Liked by 1 person

  4. Alasdair Macdonald. May 23, 2018 / 3:10 pm

    It is these oil and gas reserves and the renewable potential which has for a fair period of time sustained sterling and the various ratings agencies’ assessments. If it were not for this sterling would be in a similar state as the currency of Bolivia (no offence to the Bolivian people implied).

    This is the real nub of the Better Together case. ‘We are better together, so that the rentiers of the City of London can continue to enrich themselves and move the ill gotten cash offshore.

    You can be sure that once Indyref 2 is announced, the Scotch Whisky Association will be telling us that their sales will plummet, there will be job losses and companies would move their HQs to London or the Cayman Islands. And Scottish Labour will be telling us, “See, we need that people’s expertise, because we urny genetically endowed tae run businesses like this.”

    Mr Carney has suddenly revealed that we could actually have used the pond, which is, of course, as much ours as Mr Osborne’s, had we voted YES. Indeed, had they carried through their threat of withholding use, we would have had heehaw debt, the pound would have been in the rubber without our oil and gas, and the Scots currency would be rivalling the Swiss Franc.

    Liked by 3 people

    • Alasdair Macdonald. May 23, 2018 / 3:12 pm

      Not “rubber”, but “grubber”, The curse of autocorrect.

      Liked by 1 person

  5. sandra parker May 23, 2018 / 7:32 pm

    we need to have a book with these facts and the link to proof for our arguments during the run up to Indy ref 2 – unfortunately most of us are on low wages or pensions and therefore unable to assimilate such a book of facts

    Liked by 1 person

  6. Contrary May 23, 2018 / 8:12 pm

    Have you seen the business for Scotland initiative, to train independence ambassadors? Interesting stuff, here is a vid of Gordon Ross talking about the first session he attended:

    Taking the positive case, reframing our world view, not using the British establishment narrative or phrasing.

    Showing people that the only right answer is yes to independence will have to be done by word of mouth – I think we all realise by now that there is no hope for anything close to fair in the MSM – so the initiative looks like one of the best ideas I’ve seen for a while.

    Sandra – take a look at the video, business for Scotland give their ambassadors an app & info so they have all the facts at their fingertips – maybe worth considering?

    Liked by 1 person

  7. Ludo Thierry May 24, 2018 / 7:58 am

    If the UK is using The Pond (£ Sterling) as its currency – does that make Treeza and the Tory UK Govt a bunch of Pond Life?

    Like

    • gavin May 24, 2018 / 10:59 am

      “Drain that swamp”! used to be a favourite election slogan of our peroxide blond friend across the seas.
      His hand knitted bonce will already be reaming because he was “dissed” and ignored on England’s big Royal Theme Park wedding day.
      I’m sure he would have been happy to waltz the bride down the aisle, conduct the wedding and officiate at the feats.
      He will be plotting his revenge in the wee sma’ ‘oors when sensible folk are asleep.
      The pond life better watch out!

      Like

      • gavin May 24, 2018 / 12:38 pm

        “at the feast”. Sorry my bad.
        The “feats” are surely Col Ruth and her gang, pretending THEY don’t talk about the constitution.
        Deviation or declination from the actualite.

        Like

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