Tuesday, 6 June 2017

Recurring Nightmares now exist in the Scottish Nationalist Paradise.

From Michael Fry and Published in the National


"....... the Scottish Government is making it harder for me. The election manifesto being launched today will, by all accounts, advocate a return to the top income tax rate of 50p in the pound on the people earning more than £150,000 a year. Not that this affects me personally – I’m a freelance writer, for heaven’s sake – but to my mind it’s the principle that counts and the practical effects this principle will have.

For a Scotland probably now plunging into recession, it would be hard to think of a worse policy. All over the world, governments finding their economies in this failing condition habitually cut taxes so as to give consumers more spending power and by such means start the process of renewing growth. In the Scotland, the birthplace of modern economics, we now propound the opposite. The result will be the opposite too. Our growth rate, which even when not negative is woefully feeble, will languish further. Scotland will continue to get relatively poorer than England. Independence will be indefinitely postponed.
All this would be easier to understand if the Scottish Government was in some coherent sense socialist. For myself I am glad it is not, because I confidently expect June 8, 2017, to be the day European socialism dies, when in its English form it will be put to the sword only a month after it collapsed in its French form, and while we wait for the same fate to overtake it in its German form in October. Sweden will then be left as the sole major EU member to be ruled by socialists, but that has been going on with few interruptions since 1917. Only in Scotland is socialism, in a good many people’s eyes, something for the future rather than just a relic of the past.
It is a model that a lot of SNP supporters yearn to follow but the Scottish Government hardly satisfies even them, as you can regularly read from several disgruntled columnists in this newspaper. Fiscal policy is neither fish nor fowl. At the same time as favouring rises in income tax, the Scottish Government officially wants to cut corporation tax, the air passenger duty and VAT on tourism, while still exploring ways to improve incentives for corporate investment. Indeed, when the higher top rate of income tax was earlier proposed by Scottish Labour and the LibDems, the SNP at first rejected the idea. So what is the Scottish Government’s fiscal purpose? Search me.

It is not that it lacks for good advice. A faithful champion of the nation’s cause, ex-MSP Andrew Wilson, was placed in charge of the growth commission set up to fill the glaring lack in the SNP’s spectrum of policies of any ideas likely to make us more prosperous, as opposed to living off windfalls or subsidies. And he has pointedly made it known that he has been arguing against the 50p top tax rate. It is really depressing that the government has decided to ignore the best advice available to it.
So far, those in the nationalist movement of a more liberal or conservative frame of mind have been able to go with the flow of an SNP on the left because that was what had brought it to its dominance of Scottish politics – and, without supremacy in the socialist west of Scotland especially, independence would never be won. But while the party talked left, it acted right (in both senses of the word). As First Minister, Alex Salmond was a tax-cutter. He froze the community charge (which meant a reduction in real terms), and he eased the burden of business rates, while also calling for a lowering of other taxes, particularly corporation tax, which were not yet under his government’s control. In his years of office, the Scottish economy proved to be less sluggish than usual, and the aim of matching the UK growth rate, when announced in 2010, did not at the time look to be beyond us.

Since Nicola Sturgeon took over, I’m sorry to say, Scottish economic policy has become a bit of a shambles. She herself appears ignorant of and indifferent to economics. The man who might have looked after these things for her, John Swinney, unwisely shifted himself into the quagmire of Scottish education, where he is in danger of sinking. So the Scottish economic shop is being minded by two men, Derek Mackay and Keith Brown, for whom the term clueless would be a compliment. While fatuously claiming the economy is resilient, they have in fact exposed its fragility.
Of course, the Scottish Government would love as a remedy to spend a lot more money, but that is no different from most governments around the world, including conservative ones. After all, Theresa May and her merry men are counting on a budget deficit of £58 billion next year, with no final elimination of the gap between getting and spending before 2025 (otherwise known as the 12th of Never). If this is austerity, we may well wonder what fiscal luxuriance would look like. In any case, the choice of such targets is not just an act of will, to be guided by progressive or reactionary principles, but is in the final analysis a matter of what the financial markets will stand for. They have been lenient with the UK, at least this side of Brexit. An independent Scotland will need to win their confidence, rather than just assume it.






















http://www.thenational.scot/comment/15301712.Michael_Fry__Since_Nicola_Sturgeon_took_over__Scotland_s_economic_policy_has_become_a_shambles/

Thursday, 13 April 2017

John Swinneys leaked Notes and the "Thatcherite Scouring" of Scotlands Economy via Indy.

John Swinney's leaked notes, not a pretty read for Nationalists really , time Scots woke up and smelled the Coffee, Scots have been royally conned by the SNP.

Click on this link for John Swinneys leaked notes

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If Scotland ever were to become Independent it would end up getting a "Thatcherite Scouring "of our economy.. Free Prescriptions  and Free Bus Passes would be the first go to ,then deeper cuts plus various Tax Rises to make up the all the other lost Billions from Westminster thanks to the SNP.

https://www.forbes.com/sites/timworstall/2017/03/21/of-course-scotland-could-be-independent-as-lord-king-says-there-would-be-economic-consequences/#428dcbee5d25

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Wednesday, 22 March 2017

Sturgeon and the SNP's Brexit Lies

SNP does not intend rejoining the EU
http://eutoday.net/news/scottish-referendum





" All leave voters are racists and bigots"


Jim Sillars has properly nailed Nicola Sturgeon to the Wall with her actions on Brexit
See the whole article here " Why Nicola Sturgeon's tongue is running ahead of her brain over Brexit.
" Her many official statements are based on a false interpretation of the referendum result.
Yes, 1.6million Scots voted for the UK to Remain with the EU, but there is no evidence that they made a side decision for an independent Scotland, through Indyref2, to re-join it, if England, Wales and Northern Ireland left it.
The referendum ballot paper posed a specific question and that alone was the one we answered."
Read more HERE Why Nicola Sturgeon's tongue is running ahead of her brain over Brexit: Jim Sillars
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A former SNP minister has said he voted for a Brexit against the party's official position.
Alex Neil, who served in Nicola Sturgeon's cabinet, told The Daily Telegraph that he had decided to vote Leave ten days before the vote, and said other party MSPs had told him they had done the same.

SNP party policy was to remain in the European Union, and Nicola Sturgeon campaigned prominently for Remain before the June 23 referendum.But the Airdrie and Shotts parliamentarian was not convinced by the rhetoric and "scare campaign" of the Remain side, and decided to back a breakaway from Brussels.

"In the last ten days of the campaign I was persuaded and George Osborne just tipped me over with his emergency budget," he told the newspaper."I saw the scaremongering and there was no way I was going to endorse it. I was not going to vote for George Osborne and David Cameron's scare campaign."

He also argued the austerity enforced upon other member countries such as Portugal and Greece had pushed him towards his decision.

The full story by clicking this link here
http://stv.tv/news/politics/1371932-alex-neil-reveals-he-and-a-number-of-snp-msps-backed-brexit/
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Up to 40% of the SNP's membership may have voted LEAVE 
ALEX Salmond has dismissed "fanciful" claims from former cabinet minister Alex Neil that nearly 40 per cent of the SNP’s 120,000-strong membership supports Brexit and that there is widespread support for Leave among the party's MSPs.
Salmond spoke out after Neil's shock admission that he voted to Leave on June 23 - the biggest act of internal dissent at Holyrood faced by the party' in its nine years in power.
Although an estimated 36 per cent of SNP 'voters' opted to leave, the argument between Salmond and Neill centres on how 'members' of the party chose to cast their ballot

The full story by clicking this link here  http://www.heraldscotland.com/news/14846316.Salmond_and_Neil_clash_over_claims_of_pro_Brexiteers_in_SNP_ranks/?ref=twtrec
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Saturday, 11 February 2017

From Yes to No : A Tale of Three Referendums , Blogs from the Wee Flea

About ‘The Wee Flea’
My name is David Robertson and I am the minister of St Peters Free Church in Dundee Scotland. https://stpeters-dundee.org.uk/
I don’t claim any particular wisdom or expertise and value immensely the insights of others.  One piece of advice in reading these – please don’t read between the lines.  I write what I think (at least what is appropriate for the public arena!) and I try not to speak in code!  There is no ‘in between’. Please don’t read into what I say what is not there !

Part 1: The Fantasy
1 : Supporters of Scottish Independence should vote No if there is another Independence Referendum.
2 : The SNP has exchanged the idea of Scottish Independence for the fantasy of the progressive EU.
3 : Independence in Europe is not Independence.
4 : The EU is not the democratic, progressive Nirvana that the SNP propaganda machine and politicians publicly espouse.
5 : An Independent Scotland joining the EU is not the slam dunk deal the SNP keep telling us.
Click Link Below
https://theweeflea.com/2017/02/09/when-yes-means-no-a-tale-of-three-referendums-part-1-the-fantasy/
Archived copy here https://archive.is/siH10
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Part 2 : The Nightmare 
1 : The SNP has chosen to ignore, mock and abuse, or allow to be abused, Scottish people who do not agree with their stance on the EU.
2 : Too much grandstanding on the world/European stage and not enough practical action on the council estates of Scotland.
3 : The SNP has being an increasingly authoritarian and anti-democratic party.
4 : The Scottish Government has also become authoritarian.
5 : A free society needs a free press
Click Link Below https://theweeflea.com/2017/02/10/when-yes-means-no-a-tale-of-three-referendums-part-2-the-nightmare/
Archived copy here https://archive.is/K3Ih2  
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Part 3 : The Dream
1 : Because of its Hubris and Short-Sightedness, the SNP are destroying the dream of Scottish Independence
2 : Such a Parcel of Rogues.
3  I still have a dream.
4 : The SNP should stop grandstanding and being delusional over Brexit.
5 : We need to start using the powers we have.
6 : Can we look for the Scottish Economic Opportunities on Brexit.
7 : Can we move away from dependence on the State sector, and multi-nationals and can we not encourage small business, local enterprise and local initiatives.
8 : Can we have a greater awareness of our society and cultural heritage and seek to support the greatest traditions of our past – including the centrality and importance of the family.
9 : Can we move away from the increasing centralisation to Edinburgh and Glasgow and instead have a greater re-distribution to local areas, and more local autonomy.
10 : Can we return to the basic principles of the Beveridge report. It set up our modern welfare state to deal with the Five Giants of Poverty, Ignorance, Disease, Squalor and Idleness.

https://theweeflea.com/2017/02/11/when-yes-means-no-part-3-the-dream/
Archived copy here https://archive.is/EVile  
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Earlier Published Blogs
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The End of the Dream : Why the SNP have given up on Independence
https://theweeflea.com/2016/10/17/the-end-of-the-dream-why-the-snp-have-given-up-on-independence/
 Archived copy here  https://archive.is/5JGGq
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European Referendum : The Tipping Point
https://theweeflea.com/2016/04/26/european-referendum-the-tipping-point/
Archived copy here   https://archive.is/cgVOT
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Saturday, 17 December 2016

Royal Bank of Scotland : A banking failure made in Edinburgh by Scots Nationalists


"The cataclysmic collapse of RBS – which ensnared many of its employees and shareholders in its inflated vision of world domination – is a vivid example of the dangers of narcissism that has led to shame and economic misery for millions of people.  It is interesting to note that George Mathewson, the former Chairman of RBS who notoriously recruited Fred Goodwin as his successor, has long been a Yes supporter.  While Alex Salmond was of course also employed there as an economist in the 1980s.  Another interesting parallel is between Goodwin’s ‘Make it Happen’ slogan and Salmond’s similarly vague and aspirational ‘this is our moment’ language."
Read more here THE PSYCHOPATHOLOGY OF EVERYDAY NATIONALISM
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Another connection between the SNP and RBS is Andrew Wilson who is currently heading up the SNP's own "Growth Commission" enquiry. Wikipedia states he started  with the Royal Bank of Scotland as a business economist in 1997  and while in RBS Group worked in a variety of roles including Deputy Chief Economist and since the 2008 financial crisis as Head of Group Communications. You have to wonder about what involvement someone with the title Deputy Chief Economist had on the decisions that helped bring RBS group to its knees ?  There seems to be an awful lot of interconnections between the people responsible for the failures in RBS and that are also involved in SNP/YES groups. See more info by clicking here 
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This Story Reported by Iain Martin a well respected Financial Journalist (Career Details Here)

Alex Salmond blithely declares that an independent Scotland would be a land of milk and honey in which business magically flourishes, the economy will outgrow England’s and taxes will be slashed.
This crazily unrealistic and deeply irresponsible prospectus is very reminiscent of another Scot, whose arrogance and monumental incompetence cost British taxpayers £45 billion when they had to bail out the Royal Bank of Scotland, of which he had been boss.
Step forward Fred ‘The Shred’ Goodwin, who walked away from the wreckage of the once-proud institution with a £693,000-a-year, index-linked pension. It was his management of the Edinburgh-based bank that helped to trigger the worst recession since World War II — the financial crash in 2008.
In the wake of this catastrophe, I spent two years researching and writing a book on Goodwin and the ignominious collapse of RBS, which he and his colleagues had run into the ground at such enormous cost to the rest of us.
What emerged was that Goodwin was a deeply dysfunctional individual bent on domination, and immune to common sense.
Crucially, I believe the similarities between him and his fellow Scot, Alex Salmond, are deeply troubling and should act as a warning to all Scots as they vote today.
Like Salmond, Goodwin wanted to realise a patriotic dream of never-ending expansion in which nothing could possibly go wrong. And just like Salmond, he savagely suppressed dissent and refused to listen to sensible warnings about the serious risks that lay ahead
Six years on, Salmond seems to have failed to learn the lesson. Instead, he charges ahead, making reckless promises about Scotland’s future that are eerily reminiscent of Goodwin’s bombastic claims in the boom years for the prospects for RBS.
Perhaps this is not surprising because Salmond had very close links to Goodwin and the others who ran RBS at its peak.
When Goodwin made the single most calamitous of his many catastrophic decisions — to over-extend and recklessly buy ABN Amro, a Dutch bank riddled with toxic debt — it was Salmond who urged him on.
Freshly installed as First Minister of Scotland in May 2007, he wrote to Goodwin. ‘Dear Fred,’ he began, on Government-headed paper. ‘I want you to know I am watching events on the ABN front closely. It is in Scottish interests for RBS to be successful and I would like to offer any assistance my office can provide. Good luck with the bid.’
Salmond signed off with a flourish: ‘Yours for Scotland, Alex.’



The absurdly over-valued £55 billion ABN Amro takeover, which would double the size of RBS and thus make it vulnerable to potential market shocks, turned out to be a disaster, the worst deal in banking history.
Yet even as Salmond put pen to paper, it was clear to most experts that a financial storm was gathering. American banks had already begun issuing warnings about sub-prime mortgages (loans to high-risk borrowers who were unable to repay the money).
What’s more, before the deal — which saddled RBS with billions of pounds of toxic assets — was sealed, the easy availability of credit on the financial markets had started to dry up. By the time the deal was completed in the autumn of 2007, another bank, Northern Rock, had already effectively gone bust, requiring a taxpayer bail-out, and it was clear that there were more huge problems ahead in the financial world.
Admittedly, Salmond wasn’t the only leading politician who fawned in front of Goodwin and RBS in the years before disaster struck. Gordon Brown and Tony Blair cultivated Goodwin, and talked to him regularly. Goodwin and his wife were dinner guests of the Blairs at Chequers.
It had been at the instigation of Salmond’s predecessor as Scottish First Minister, Jack McConnell (now Lord McConnell), that Goodwin was given a knighthood for his services to banking and the Scottish economy.
But Salmond was much closer to RBS than either Brown or Blair. As one of Salmond’s friends told me: ‘Alex is an RBS man through and through.’ His links to the bank go back to the early Eighties, when he started work there as an economist.
After seven years — much of it spent examining Scotland’s then-booming oil sector — Salmond left to pursue a political career. Duly elected as an MP, he maintained extremely close links with the bank, and became friends with its pro-nationalist chief executive, Sir George Mathewson, Goodwin’s predecessor.

Indeed, Sir George is now an adviser to Salmond and has been a noisy advocate for independence.
The fact that Goodwin made such a mess of the bank has meant that it has often been overlooked that it was Mathewson who originally steered the Royal Bank of Scotland on the road to disaster.
It was his view that there was no reason why Scotland should not have the best of everything in the world. As part of this mission, he launched a radical overhaul of the bank, codenamed ‘Project Columbus’.
The message was that a great Scottish institution was setting sail for an exciting new world. What could possibly go wrong?
An aggressive programme of takeovers was duly launched in England and the U.S. In 1998, when he needed a successor to continue this rapid expansion, Mathewson hired a young accountant called Fred Goodwin.
Together, the two men became heroes of the Edinburgh Establishment after winning the battle to take over an English bank — NatWest — that was twice the size of the Royal Bank. In triumph, the pair travelled to its offices in the heart of the City of London to inspect their prize.
Like mediaeval monarchs on a cross-border raiding party, they ordered the wine cellar — like spoils of war — be transported to Scotland. In the aftermath, as the Edinburgh banks boomed and their profits soared in the early 2000s, the Scots’ sense of self-confidence soared.
When Goodwin took over from Sir George (who became chairman), he was so obsessed with beating English rivals, such as Barclays, that he pig-headedly refused to heed the danger signals.
Disgracefully, profit projections were produced that were, in fact, pure wishful thinking. And anyone inside RBS who dared to question the wisdom of the impending ABN Amro deal was squashed.
Sir George (who by now was no longer RBS chairman) championed the takeover in his new job as chairman of a hedge fund which wanted the Dutch giant sold off.

For his part, Salmond was desperate for Goodwin to succeed because it would suggest that anything was possible for a brave new Scotland. 

Humiliatingly, though, just a year later, RBS had to be rescued by the UK Government.

The original article can be read via this link HERE
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"RBS reaches settlement with shareholders"  Scots might want to ask themselves whether this settlement was made to keep Fred Goodwin away from having to stand up in court and expose his own as well as SNP's Salmond and "Yes" supporter Mathewson (the former RBS Chairman who recruited Goodwin) from having their reckless and gung-ho approach to the way they ran the Bank (and perhaps the same issues within the wider Scottish Independence cause by the same people) put under real close scrutiny to protect their own careers. What we don't yet know is just how many reckless Nationalists were involved in helping ruin the Bank at a senior level who appear now to have escaped being found responsible and could be working within other Financial organisations or Government.

http://www.bbc.co.uk/news/business-40173587

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Thursday, 8 September 2016

SNP has opted for "Independence by Ignorance"

 A write up by Alex Bell , Alex Salmond's own previous senior SNP strategy advisor.

The original article can be seen on the link below
https://www.thecourier.co.uk/fp/opinion/alex-bell/281357/arrogant-elitism-at-the-top/ 

There is a reason of course why the SNP try to keep the Scots nation ignorant of real trusted facts like GERS or explain to the nation how the Scottish economy works and that is if the SNP were ever to tell the truth of the facts then the majority of Scots would run a mile from Nationalism and from the SNP for good.

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    @BrynTeilo



Wednesday, 24 August 2016

Fraser of Allander Institute "Independence is impossible to operate with this level of deficit"


Scotland’s share of North Sea oil tax revenues slumped steeply from £1.8bn to £60m last year. 

The Fraser of Allander Institute, an economics think tank at Strathclyde University, directly challenged Sturgeon’s statement on Wednesday that “the root to closing the deficit is fundamentally on the revenue growth side”.

Closing a 21% structural deficit would need rates of economic growth for Scotland not seen in current lifetimes, the FAI said. As Sturgeon had pointed out on Tuesday, the Brexit vote was likely to make those efforts even more difficult.

 “It is simply not possible to operate under independence with a deficit at this scale – full stop ” the FAI said. “The Scottish government needs to set out the tough choices that it would make alongside a detailed and comprehensive plan for how it would manage the public finances under independence. This won’t be easy, but is essential.”
The data put Scotland’s net fiscal deficit last year at £14.8bn, including North Sea receipts, £522m higher than the previous year. That was equivalent to 9.5% of Scotland’s GDP. The UK’s estimated deficit for the same period was 4% of GDP.

Asked how an independent Scotland could meet the EU’s requirements for an annual spending deficit to be lower than 3%, Sturgeon said independence would change Scotland’s overall financial position. “I accept Scotland faces, whatever our constitutional arrangements, a very challenging fiscal position, [but] the fundamentals of our economy are strong,” she said.

Scotland’s tax revenues were estimated at £53.7bn, but the Scottish and UK governments spent £68.6bn on public services in Scotland, and on Scotland’s share of UK and overseas spending.

Kezia Dugdale, the Scottish Labour leader, said the figures “should act as a reality check for those calling for another independence referendum”.

“During the independence referendum, Nicola Sturgeon personally promised a second oil boom. Her own government’s figures show she misled people and that is unforgivable,” she said.

The SNP’s own figures confirm independence would mean severe cuts over and above those already being imposed by the Tories, at exactly the time when our public services need more investment.”

David Mundell, the Scottish secretary, said: “Scotland weathered a dramatic slump in oil revenues last year because we are part of a United Kingdom that has at its heart a system for pooling and sharing resources across the country as a whole.

The fact public spending was £1,200 per head higher in Scotland than the UK as a whole also demonstrates that the United Kingdom, not the European Union, is the vital union for Scotland’s prosperity.”

Sturgeon denied that this meant the country was being subsidised by the rest of the UK, saying Scotland had paid in a higher rate of tax revenues than the UK on average in recent decades.

That position ignores the far higher levels of public spending in Scotland, which needed in effect an injection of £15bn last year from the UK treasury.

Sturgeon denied that closing the gap would require spending cuts or tax rises. “What I say is growing revenue is the priority. Public spending in Scotland is higher than the rest of the UK for some very good and in many respects unavoidable reasons, such as its rurality. It costs more to deliver health services to island communities,” she said.

Sturgeon insisted that the data offered cause for some optimism. It showed that taxes from the onshore economy, excluding North Sea revenues, had grown by £1.9bn. At 36.5% of Scotland’s GDP, this was the best figure since the financial crisis and more than offset the £1.7bn lost from the decline in oil and gas taxes.

But she said the overall figures underlined her anxieties about the damage that leaving the EU could do to the Scottish economy. “Leaving the EU will leave the task of growing the onshore economy so much harder than it might be,” Sturgeon said.

Prof John McLaren, an independent economist at Scottish Trends, said future oil revenues were never likely to recover enough to significantly cut the deficit. A doubling of current oil prices to $100 a barrel would still only raise oil receipts to £2.8bn.

McLaren said Scotland’s worse position compared with the UK was likely to continue for the next five years, the direct reverse of claims made in Alex Salmond’s white paper on independence in 2013 that Scotland’s tax revenues and finances would remain stronger than the UK’s.

“Scotland’s fiscal position relative to the UK can be forecast with greater certainty and is likely to remain at around the current level – about 5.5% of GDP worse off than the UK’s,” McLaren predicted.

David Mundell, the Scottish secretary, said: “Scotland weathered a dramatic slump in oil revenues last year because we are part of a United Kingdom that has at its heart a system for pooling and sharing resources across the country as a whole.

Whole Article can be read by clicking here 
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