
(c) ultimatetitanic.com
I read in the Guardian today that the gap between UK government spending and tax revenue is expected to be around £7 billion frustrating Chancellor Philip Hammond’s attempt to give his cabinet colleagues what they want – less austerity please.
https://www.theguardian.com/business/2017/nov/21/widening-uk-budget-deficit-hands-hammond-a-headache
The problem is the massive gap between exports and imports in London and the South of England, regardless of their higher productivity.

Like Ancient Rome, London, the over-heated and gluttonous region, is in danger of imploding and dragging the rest of the country under. This is especially ironic given Scotland’s consistent trade surplus over decades which would have required no borrowing whatsoever. We know not to trust the ideologically-generated and frankly useless GERS figures which dreamt up a revenue deficit for Scotland. See:
25 of the 26 GERS income figures are estimates and not the real figures!
Here’s a reminder of the Scottish trade surplus:
Deficit/Surplus in 2017 (Predicted)
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 couldn’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. Further, is rUK strong enough to be an independent country?
https://www.uktradeinfo.com/Statistics/RTS/Pages/default.aspx








