Public revenue

The union dividend explained

Stephen Richard — Fri, 22 Oct 2021 21:12:11 +0000

The union dividend explained Stephen Richard Fri, 10/22/2021 - 22:12

Author or Creator

Ferret Fact Service

The figure commonly cited for the “union dividend” 2020-1 was £1,941 per person. This is the combined value of higher public spending for Scotland and lower revenue from Scotland compared to the UK. The GERS figures do not show that if Scotland were to become independent, each person in Scotland would become £2,000 worse off. The figure only refers to the current difference between revenue and spending in Scotland compared to the UK. (Ferret Fact Service)

Keywords

Public spending

Public revenue

TAX POLICY FOR AN INDEPENDENT SCOTLAND

Stephen Richard — Fri, 01 Oct 2021 22:10:22 +0000

TAX POLICY FOR AN INDEPENDENT SCOTLAND

Primary Author or Creator

Richard Murphy

Stephen Richard Fri, 10/01/2021 - 23:10

Additional Author(s) / Creators

Scottish Independence Convention

Alternative Published Date

2020

Category

Taxation

Type of Resource

Policy Paper

Length (Pages, words, minutes etc...)

11pp

Fast Facts

The current UK tax system is not fit for purpose in Scotland. It is vital that during the transition period new systems for managing tax in Scotland be put in place. Taxes will need to be placed on a variety of sources and some of these will need extensive consideration. The tax and benefit systems must be integrated.

More details

Scottish Independence Convention (SIC) Transition Paper No. 5 Taxation.

Resource Address (URL)

https://independenceconvention.scot/transitions

Keywords

Taxation

Public revenue

social benefits

Language English

How would an independent Scotland pay for it?

Stephen Richard — Wed, 29 Sep 2021 14:02:31 +0000

How would an independent Scotland pay for it?

Primary Author or Creator

Cameron Archibald

Stephen Richard Wed, 09/29/2021 - 15:02

Additional Author(s) / Creators

Bella Caledonia

Date Published

Sat, 02/08/2020 - 12:00

Category

Economy

Type of Resource

News Media

Fast Facts

It’s that time of year again when unionists start spreading lies about how an independent Scotland is subsidised by taxpayers money from the rest of the United Kingdom.

Resource Address (URL)

https://bellacaledonia.org.uk/2020/02/08/how-would-an-independent-scotland-pay-…

Keywords

Public Debt

Public revenue

Taxation

Language English

A Guide to the Government Expenditure and Revenue Scotland (GERS) Report

Stephen Richard — Wed, 29 Sep 2021 10:39:20 +0000

A Guide to the Government Expenditure and Revenue Scotland (GERS) Report

Primary Author or Creator

Fraser of Allander Institute

Stephen Richard Wed, 09/29/2021 - 11:39

Additional Author(s) / Creators

University of Strathclyde

Alternative Published Date

2021

Category

Economy

Type of Resource

Academic Paper

Fast Facts

The possible financial costs and risks, or savings and opportunities, of implementing a new constitutional framework are, naturally, not considered in GERS. Similarly, it does not report on the effects of faster or slower economic growth in an independent Scotland.

Resource Address (URL)

https://fraserofallander.org/gers-guide/

Keywords

Language English

Government Expenditure & Revenue Scotland 2020-21

Stephen Richard — Wed, 29 Sep 2021 10:03:17 +0000

Government Expenditure & Revenue Scotland 2020-21

Primary Author or Creator

Scottish Government

Stephen Richard Wed, 09/29/2021 - 11:03

Additional Author(s) / Creators

Add additional Authors and/or Publisher

Date Published

Wed, 08/18/2021 - 12:00

Category

Economy

Type of Resource

government report

Fast Facts

Estimated total expenditure for the benefit of Scotland by the Scottish Government, UK Government, and all other parts of the public sector was £99.2 billion. Spending increased by 21.0%, reflecting the costs of the health and wider economic interventions in response pandemic. This is equivalent to 9.1% of total UK public sector expenditure, or £18,144 per person, which is £1,828 per person greater than the UK average.

More details

Net Fiscal Balance 2020-21

This is the difference between total revenue and total public sector expenditure including capital investment. The net fiscal balance:

Including an illustrative geographic share of North Sea revenue, was a deficit of 22.4% of GDP (£36.3 billion).
Excluding North Sea revenue, was a deficit of 23.8% of GDP (£36.9 billion).
For the UK, was a deficit of 14.2% of GDP.

Total Public Sector Revenue 2020-21

Including an illustrative geographic share of North Sea, Scottish public sector revenue was estimated as £62.8 billion (7.9% of UK revenue). Of this, £0.5 billion was North Sea revenue. Scottish non-North Sea revenue was £62.3 billion (7.8% of UK revenue).
Non-North Sea revenue fell from £65.3 billion in 2019-20, a fall of 4.6% as the pandemic decreased revenue, particularly non-domestic rates, VAT, and fuel duties.
Scotland’s illustrative geographical share of North Sea revenue was £0.5 billion in 2020-21, down from £0.8 billion in 2019-20, as the fall in the oil price during the pandemic reduced revenue.
Including an illustrative geographical share of North Sea revenue, Scotland’s public sector revenue is equivalent to £11,496 per person, £382 less than the UK average. Excluding North Sea revenue, it is £11,395 per person, £477 less than the UK average.

Total Public Sector Expenditure 2020-21

Total expenditure for the benefit of Scotland by the Scottish Government, UK Government, and all other parts of the public sector was £99.2 billion. Spending increased by 21.0%, reflecting the costs of the health and wider economic interventions in response pandemic. This is equivalent to 9.1% of total UK public sector expenditure, or £18,144 per person, which is £1,828 per person greater than the UK average.

The figures are produced in accordance with professional standards set out in the Code of Practice for Statistics.

Resource Address (URL)

https://www.gov.scot/publications/government-expenditure-revenue-scotland-2020-…

Keywords

Public expenditure

expenditure per person

Fiscal balance

Public revenue

Language English