this post was submitted on 07 Jul 2023
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Europe

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Current trajectory points to 40-100bn pounds in lost tax revenue per year.

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[โ€“] [email protected] 14 points 1 year ago (1 children)

I'm just hoping Scotland will become independent and joins the EU again on its own. Although I have no idea if that would be possible...

[โ€“] [email protected] 3 points 1 year ago (1 children)

It won't be easy, the EU will never consider them unless they leave legally so as not to encourage other seperatist region, and unless Westminster offer them that, they can't do so.

Even then Scotland will be a mess financially given how much if what they get now comes from the UK and not having their own currency.

[โ€“] [email protected] 1 points 1 year ago (1 children)

Yeah, you could very well be right! Would you, on the other hand not think their oil reserves etc are enough to be able to finance themselves? (genuine question, I don't know enough about the situation!)

[โ€“] [email protected] 3 points 1 year ago

One of the criticisms of the original indie plan was it assumed quite a high price for oil, which has since crashed, which would have blown a massive hole in Scotland's finances because it was a large part of the theoretical income of the country. Probably falls into the "nice to have" category and not in the "structure your public spending based on it" category.