Putting Scotland’s deficit (according to GERS) in context and explaining why this nonsense happens

I have already commented on the Government Expenditure and Revenue Scotland statement, issued today. What the statement suggests is that Scotland ran a deficit on government income and expenditure of £12.6 billion (including North Sea revenue) and £14.0 billion without that revenue to 31 March 2019. The UK for this period had a deficit of […]

source https://thebtrader.com/2019/08/21/putting-scotlands-deficit-according-to-gers-in-context-and-explaining-why-this-nonsense-happens/?utm_source=rss&utm_medium=rss&utm_campaign=putting-scotlands-deficit-according-to-gers-in-context-and-explaining-why-this-nonsense-happens