The most striking change in recent years has been generational. He draws his Military pension there. 1) The poor Property wealth increased by 6.1% to £238.3 billion, If we stand back and do nothing our opportunity to govern our own country could be lost. It can be factually demonstrated that several generations of “UK economic mismanagement has ultimately undermined the Scottish economy.”. Much more than the total figure. That's £1,000,000,000,000, or a million million pounds. To put that figure into context with 8.4% of the UK population Scotland’s natural wealth represents 34% of the UK’s as a whole. the value at time of interview) and have not been adjusted for inflation. mainly due to the increase in the value of private pension A distinction worth noting is that oil won’t actually ‘run out’, it will simply become unprofitable to extract any more. One thing that has been a constant throughout history is that if a product is in demand and it becomes scarce, it’s price will rocket. http://www.scottishconstitutionalfutures.org/OpinionandAnalysis/ViewBlogPost/tabid/1767/articleType/ArticleView/articleId/3491/Ross-Carrick-Reconstituting-Scotland-the-Unethical-Covenant.aspx. Income Gap: It highlights the growth in wealth at a higher pace than the rise in incomes. It may not be a straight-forward zero-sum formula, as implied above. It’s as simple as this … 59.6bn divided by 9.9 = 5.74 recurring. Would independence mean that a greater than current percentage of GDP would be spent on benefits and the NHS. Aggregate total wealth of private households increased to £856.6 billion in Scotland in 2012/14. http://www.bbc.co.uk/news/uk-scotland-scotland-politics-20042070, http://www.bbc.co.uk/news/uk-scotland-scotland-politics-22224015, And also former Scotland office economist Gavin McCrone in his now infamous report: The GDP per capita in England is $42,976. Scottish Government, undertaken by Aniela Kuhl, .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Trump and Biden deflect questions in TV grilling. Gordon contributes articles to Business for Scotland, The National and Believe in Scotland. The wealthiest 1 per cent alone owned more wealth than the bottom 50 per cent of households. valuation of different pension types. intern. SEEMPLES**. I don’t think Scotland as a whole is against the idea of the wealthier/fortunate supporting the poorer/less fortunate. Data from the UK Government’s Office for National Statistics demonstrates in simple terms the distribution of personal wealth in the UK. Gov.scot uses cookies which are essential for the site to work. Do the English genuinely believe that they are subsidising Scotland? Households in Scotland had just over one trillion pounds (£1,097 billion) in total wealth in 2016-2018. Forgive my naivety in this, but there is nobody who has any presence and sense of leadership to us since the likes of Donald Dewar. Interesting article and one that proves scotland can be independent and I thoroughly support it! etc. Yes and the mean income in Kensington is 4 to 5 times that in Edinburgh or Glasgow. I was a Country Manager with Diageo for 30 years and I am also a Scot. Indeed, the Republic of Ireland and her people can consequently be defined as Roman Catholic and republican (qua anti-monarchy). And your deluded like most sheep are The distribution of household wealth in Scotland remained highly unequal. I don’t think you have thought through the 9.9% V 9.3% statistics. It leaves our nation’s families comparatively poorer despite the fact that we generate more tax revenue per head that the rest of the UK. Ah but the NHS would be safe – well no. In the past decade, Scottish wealth has grown from being five times bigger than total output of the economy (also known as income) to more than seven times. So yes the Scottish government has been very competent on issue such as tuition fees and Council Tax but with full economic powers and Scotland’s extra tax revenue available to the Scottish people we could do so much more, almost regardless of what political party was in charge. Could someone offer a statement on what will happen when our crude oil runs out? Where are these jobs and where is this capital – oil or business – now? You need someone with the ability for overview and objective insight to be finding the solutions. BP may have an office in Aberdeen and employ staff on a good wage but the headquarters are in London. And I really appreciate that this site welcomes different voices to comment fully and people respond with cogent arguments not with petty dismissals. Our population is 8.4% of UK so we would inherit a lot less of the UK debt as an independent nation (8.4%) than we would have to pay back if we vote NO (9.9%) – ipso facto a no vote costs the Scottish tax payer £1.4bn+ in debt repayments. out more about cookies, Quality Why should we continue to support the union that leaves us in poverty and ill health, and distributes our wealth to the richest? wealth of private households in Scotland, and the relative New technologies also allow you extract from ever tougher environments. Assurance of private pension membership and wealth for further out more about cookies, Coronavirus (COVID-19): what you need to know. YES for Scotland! If you live in Spain, an independent country, you still receive a pension. This chapter provides information on the value of total net wealth of private households in Scotland, and the relative contribution of the four components - financial, pension, property and physical wealth. Also most oil companies, oil sheiks and barons are now investing in tide/wave and wind power. Far from underpinning or subsidising Scotland the UK Treasury is using Scotland as a cash cow (apparently Cornwall as well according to other comments on this blog!). Remember Diageo’s vodka production for the UK is also in Scotland. If Scotland attracts new businesses to her shores, then, again, more jobs and a greater tax yield. It is nearly twice as unequal as inequality in income levels. It’s up to us to re-post and ask others to do the same, relying on a pyramid effect. In game theory terms, best there be as few players as possible. Cap that with him loudly proclaiming that it is he alone who pays for the others, despite their having handed over all their cash before they left the house.

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