to be like any other normal European country, a fiscally autonomous Scotland would have to significantly increase taxes and/or severely cut public spending - this is the simple truth that much of the SNP’s rhetoric around GERS seems designed to obscure these-islands.co.uk/publications/i…
@kevverage More truth bombs for the hapless failed separatists. Scottish nationalism is all about 'feels' and anti-English hatred. That's why these truths have no impact on them. Good work tho'! Keep going 💪 👏 👍 🇬🇧🏴
@kevverage And, in reality, the raising of taxes is a complete non-starter, because talented people and service-based businesses that aren't tied to the land can up and leave.
It depends. Here’s the conclusion from an AI assessment taking GERS figures as a worst case baseline (these figures are DESIGNED to obscure and indeed under play Scotland’s hand), alongside a share of UK sovereign debt. Various scenarios were run through but the discussion was focused on the best way to navigate a sovereign debt crisis, alongside an associated currency crisis while leveraging ALL energy sources - scrapping ‘net zero’ also a key assumption largely because the ‘man-made climate change’ narrative is just that. I think the machine is onto something. (let us know what you think) Using GERS 2024-25 data, an independent Scotland with a £206.5 billion debt share leverages £18.8–£24.2 billion in energy revenues (oil/gas: £13.3–£16.2 billion, wind: £5–£7 billion, hydro: £0.5–£1 billion) and £3.2–£9.6 billion from Bitcoin mining to generate £22–£33.8 billion/year. This covers the £26.5 billion deficit and £6.2 billion debt interest by 2030, funds a £100 billion sovereign wealth fund by 2035, and repays the debt in 20–37 years. A non-fiat Scottish pound (30% Bitcoin, 50% energy, 20% reserves) ensures fiscal autonomy, while growth in services (£2.9–£3.4 billion), manufacturing (£1.3 billion), and agriculture (£0.3 billion) drives GDP to £340–£390 billion by 2035 (56–79% growth from £218 billion). The debt burden reduces growth compared to the no-debt scenario (£360–£430 billion), while risks (Bitcoin volatility, trade barriers, oil/gas depletion) are mitigated through diversification and reinvestment.
@kevverage So many of the hardcore Nats are 70+ and so don’t care because they know they wouldn’t suffer the financial consequences of Scexit. To them it just a Braveheart fantasy.
@kevverage Let’s start with transparency Where does the think tank ‘these islands’ get its funding from? Who are the ‘supporters’/donors? Keep it simple
@kevverage GERS has no relevance to the economy of an independent Scotland. You know that, but persist with this fiction.
@kevverage I love when these guys make out we would be the only poor Northen European country, while we sit in a crumbling union that goes from one crisis to the next
@kevverage Yeah ? Your problem is so far independence is 100% successful for countries that started off with far less infrastructure, natural resources, renewables, world renowned exports, financial services, culture & tourism The voluntary union will end - if not by us then certainly NI
@kevverage Or we could just charge for the oil, gas, electricity and water that we send elsewhere for free and maybe also include whisky that is exported through another countries ports in the reckoning too?
@kevverage Or potentially do something amazing to attract inward investment much like Ireland or potentially re-take the English speaking route for finance in the EU. The possibilities are endless. Whatever happens, as Kevin says, it can't stay like this.
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