Scotland have been subsidising England since the 1970's in the form of Scottish oil tax revenue, £9.6 billion in 2005 for example. Unfortunately the greater contribution of Scotland is misrepresented due to a piece of accounting trickery: the area from which the oil is extracted is referred to as 'Extra Regio Territories' not Scotland, and therefore does not appear on the England Scotland balance sheet, even though it is inside Scottish national waters, patrolled by Grampian police and supported by Scotland north east council infrastructure..
If these facts and others where rendered correctly at the time of the last referendum, Scotland would have become the Switzerland of the British Isles, with the hardest currency in Europe bar Norway.
Of course in may not be correct for Scotland to break from the union just as the going gets good, the question is what had England done before they became hangers-on in the 1970s to deserve the propping up the now receive?
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