Read on Twitter
1/
This thread will debunk the economic propaganda of the SNP. Please read
Ask the average person in the UK (it doesnât matter where theyâre from) who has the best economic record since the Tories came to power in 2010, the Tories or the SNP?
The answer, in most cases, is
This thread will debunk the economic propaganda of the SNP. Please read
Ask the average person in the UK (it doesnât matter where theyâre from) who has the best economic record since the Tories came to power in 2010, the Tories or the SNP?
The answer, in most cases, is
2/
likely to be the SNP. Even many Tories are likely to say that as well
Why would that be?
Two main reasons. Firstly. The MSM, especially the TV, is pretty much anti Tory and gives an easy ride to the SNP
Secondly. The SNP run the best propaganda campaign ever seen in the
likely to be the SNP. Even many Tories are likely to say that as well
Why would that be?
Two main reasons. Firstly. The MSM, especially the TV, is pretty much anti Tory and gives an easy ride to the SNP
Secondly. The SNP run the best propaganda campaign ever seen in the
3/
UK in recent years. If you absolutely believe your own propaganda (and the SNP politicians do) then itâs not too hard to convince others to believe in your propaganda either
Letâs look at the data instead of the propaganda
When looking at how well a county is doing,
UK in recent years. If you absolutely believe your own propaganda (and the SNP politicians do) then itâs not too hard to convince others to believe in your propaganda either
Letâs look at the data instead of the propaganda
When looking at how well a county is doing,
4/
analysts look to GDP growth to make comparisons between countries. If one country is growing more over time than another country then itâs said to be doing better
Unfortunately we canât make that comparison between Scotland and England (I am using England instead of the UK
analysts look to GDP growth to make comparisons between countries. If one country is growing more over time than another country then itâs said to be doing better
Unfortunately we canât make that comparison between Scotland and England (I am using England instead of the UK
5/
because the Tories run the Economy in England. Theyâre only partially responsible for the economies in the devolved countries as they have their own parliaments)
Scotlandâs GDP is skewed by the oil industry. It adds a sizeable amount to our GDP but very little revenue
because the Tories run the Economy in England. Theyâre only partially responsible for the economies in the devolved countries as they have their own parliaments)
Scotlandâs GDP is skewed by the oil industry. It adds a sizeable amount to our GDP but very little revenue
6/
Instead, I shall be comparing Revenues and Expenditures instead, but mainly revenues
I shall also be using per person data as itâs the most accurate way of finding out whatâs happening
Guess which country has increased revenues per head the most?
Scotland? Nope
Instead, I shall be comparing Revenues and Expenditures instead, but mainly revenues
I shall also be using per person data as itâs the most accurate way of finding out whatâs happening
Guess which country has increased revenues per head the most?
Scotland? Nope
7/
Itâs England
By a country mile, the Tories have done much much better than Scotland
Since the Tories took power in 2010 revenues per head in England have risen 17% in real terms (after inflation)
In Scotland revenues per head have only risen 3.16% in real terms
Itâs England
By a country mile, the Tories have done much much better than Scotland
Since the Tories took power in 2010 revenues per head in England have risen 17% in real terms (after inflation)
In Scotland revenues per head have only risen 3.16% in real terms
8/
If we go back to 2007, Englandâs revenues per head have risen by 9% in real terms whilst Scotlandâs have fallen by 3.55%. Renember this as well. These figures for Scotland also include oil revenues of almost ÂŁ50 billion. Thatâs an average of around ÂŁ900 per person per year
If we go back to 2007, Englandâs revenues per head have risen by 9% in real terms whilst Scotlandâs have fallen by 3.55%. Renember this as well. These figures for Scotland also include oil revenues of almost ÂŁ50 billion. Thatâs an average of around ÂŁ900 per person per year
9/
So. You an see that England has massively outperformed Scotland in raising the countries wealth, and Scotland had the advantage of high oil wealth
Letâs now go back to 1999. England was run by Labour until 2010 and by the Tories since then
So. How did it perform?
So. You an see that England has massively outperformed Scotland in raising the countries wealth, and Scotland had the advantage of high oil wealth
Letâs now go back to 1999. England was run by Labour until 2010 and by the Tories since then
So. How did it perform?
10/
From 1999 to 2019 England increased revenues per person by 30% in real terms
Scotland, despite oil revenues of ÂŁ105bn in real terms, only increased revenues per head by c24% in real terms
Scotlandâs revenues per head were higher than Englandâs in every year from 1999-2014
From 1999 to 2019 England increased revenues per person by 30% in real terms
Scotland, despite oil revenues of ÂŁ105bn in real terms, only increased revenues per head by c24% in real terms
Scotlandâs revenues per head were higher than Englandâs in every year from 1999-2014
11/
This was solely caused by high oil revenues. Since 2014/15 Englandâs revenues per head are now higher than Scotlandâs every year
We can now look at expenditure. Scotland spends a lot more per head than England and it has done so for years and years and years. Our
This was solely caused by high oil revenues. Since 2014/15 Englandâs revenues per head are now higher than Scotlandâs every year
We can now look at expenditure. Scotland spends a lot more per head than England and it has done so for years and years and years. Our
12/
higher expenditure is the main reason for our massive deficits. Scotland has one third of the UK landmass but only just over 8% of the population. Thatâs expensive to maintain
The SNP constantly complain about the austerity needed to bring down the deficit since the crash
higher expenditure is the main reason for our massive deficits. Scotland has one third of the UK landmass but only just over 8% of the population. Thatâs expensive to maintain
The SNP constantly complain about the austerity needed to bring down the deficit since the crash
13/
in 2008/09. Since the Tories came to power expenditure per person has fallen in England by 5.3% in real terms but has only fallen by 3.67% in Scotland
When the SNP complain about austerity in Scotland it was worse in England than Scotland, despite Scotland getting
in 2008/09. Since the Tories came to power expenditure per person has fallen in England by 5.3% in real terms but has only fallen by 3.67% in Scotland
When the SNP complain about austerity in Scotland it was worse in England than Scotland, despite Scotland getting
14/
much more per person to spend than England
To summarise
England, under the Tories, has massively outperformed Scotland under the SNP, despite all the propaganda to the contrary
The SNP have shown that they are incompetent beyond measure. The billions in oil revenues
much more per person to spend than England
To summarise
England, under the Tories, has massively outperformed Scotland under the SNP, despite all the propaganda to the contrary
The SNP have shown that they are incompetent beyond measure. The billions in oil revenues
15/
have merely covered up their incompetence. Without that money we would have been much worse off and needed even more subsidies from England
So. The next time the SNP boasts about doing better than the Tories, show them this.
have merely covered up their incompetence. Without that money we would have been much worse off and needed even more subsidies from England
So. The next time the SNP boasts about doing better than the Tories, show them this.
16/
Data used in these calculations are as follows
Fiscal balances ONS
https://www.ons.gov.uk/file?uri=%2fpeoplepopulationandcommunity%2fpopulationandmigration%2fpopulationestimates%2fdatasets%2fpopulationestimatesforukenglandandwalesscotlandandnorthernireland%2fmid2019april2020localauthoritydistrictcodes/ukmidyearestimates20192020ladcodes.xls
And the actual datasets generated from the ONS data. The GDP deflator is the latest version from the OBR
Data used in these calculations are as follows
Fiscal balances ONS
https://www.ons.gov.uk/file?uri=%2fpeoplepopulationandcommunity%2fpopulationandmigration%2fpopulationestimates%2fdatasets%2fpopulationestimatesforukenglandandwalesscotlandandnorthernireland%2fmid2019april2020localauthoritydistrictcodes/ukmidyearestimates20192020ladcodes.xls
And the actual datasets generated from the ONS data. The GDP deflator is the latest version from the OBR
17/
An addendum
I forgot to add the massive fiscal transfers that Scotland has received from England. Add that to the oil money
The oil money in real terms was ÂŁ57bn from 2007 and ÂŁ105bn from 1999
Fiscal transfers were cÂŁ63bn from 2007 and cÂŁ89bn from 1999 (real terms)
An addendum
I forgot to add the massive fiscal transfers that Scotland has received from England. Add that to the oil money
The oil money in real terms was ÂŁ57bn from 2007 and ÂŁ105bn from 1999
Fiscal transfers were cÂŁ63bn from 2007 and cÂŁ89bn from 1999 (real terms)
18/
Updated dataset to include the oil revenues for Scotland.
Updated dataset to include the oil revenues for Scotland.
19/
All the datasets used in the above thread
https://www.ons.gov.uk/file?uri=%2feconomy%2fgovernmentpublicsectorandtaxes%2fpublicsectorfinance%2fdatasets%2fcountryandregionalpublicsectorfinancesnetfiscalbalancetables%2ffinancialyearending2019/netfiscalbalance.xlsx
Revenues and Expenditure
https://www.ons.gov.uk/file?uri=%2fpeoplepopulationandcommunity%2fpopulationandmigration%2fpopulationestimates%2fdatasets%2fpopulationestimatesforukenglandandwalesscotlandandnorthernireland%2fmid2019april2020localauthoritydistrictcodes/ukmidyearestimates20192020ladcodes.xls
Population stats
https://obr.uk/docs/dlm_uploads/PSF_aggregates_databank_May.xlsx
The latest OBR databank. Inc the GDP deflator
https://twitter.com/edglasgow59/status/1262077042411126786?s=12
Fiscal transfers explained https://twitter.com/edglasgow59/status/1262077042411126786
All the datasets used in the above thread
https://www.ons.gov.uk/file?uri=%2feconomy%2fgovernmentpublicsectorandtaxes%2fpublicsectorfinance%2fdatasets%2fcountryandregionalpublicsectorfinancesnetfiscalbalancetables%2ffinancialyearending2019/netfiscalbalance.xlsx
Revenues and Expenditurehttps://www.ons.gov.uk/file?uri=%2fpeoplepopulationandcommunity%2fpopulationandmigration%2fpopulationestimates%2fdatasets%2fpopulationestimatesforukenglandandwalesscotlandandnorthernireland%2fmid2019april2020localauthoritydistrictcodes/ukmidyearestimates20192020ladcodes.xls
Population statshttps://obr.uk/docs/dlm_uploads/PSF_aggregates_databank_May.xlsx
The latest OBR databank. Inc the GDP deflatorhttps://twitter.com/edglasgow59/status/1262077042411126786?s=12
Fiscal transfers explained https://twitter.com/edglasgow59/status/1262077042411126786
