Autumn statement pulls the rug from under the SNP
The chancellor’s statement has for once given Westminster the upper hand over Holyrood.
North Sea oil
North Sea tax assessment casts further doubt over independence plans
The SNP’s dreams of a booming independent Scotland based on North Sea oil have been dealt a hammer blow.
The fall-out from the carbon bubble bursting could devastate Scotland
Scotland might become the ‘Saudi Arabia of renewables’, as Salmond has promised, but that will mean little unless we stop being the Scotland of oil.
Alex Salmond’s oil dream goes bust
Alex Salmond’s dream of an independent Scotland based on North Sea oil revenue to keep it afloat was dealt a fresh blow last night as new research by the Office for Budget Responsibility showed the extent of decline in revenue from North Sea oil taxes.
IFS: An independent Scotland would face a long term fiscal headache
A report by the Institute of Fiscal Studies in Edinburgh highlights the financial issues an independent Scotland would have to contend with.
Coalition faces backlash on North Sea oil
Just a week after the chancellor announced an unexpected £2 billion tax rise on North Sea oil companies to finance his 1p cut in the duty on fuel, three major oil companies have announced that they are considering shelving investmenttest