Academics warn of oil money ‘gap’ under independence
ByThe Courier Reporter
The Buzzard oil field in the North Sea, 50 miles from Aberdeen's coastline, which was visited by Britain's Prime Minister Tony Blair today.
Oil money “would fail to fill the gap” left by the loss of UK revenues if Scotland becomes independent, according to academics.
Spending cuts would be required to achieve the Scottish Government’s goal to establish a Norway-style oil savings fund, Glasgow University’s Centre for Public Policy for Regions said.
Scotland could cut its defence and foreign affairs budget to a level similar to other small independent countries to bridge the gap, the academics said in a report.
Academics warn of oil money ‘gap’ under independence
