Monday, 5 September 2016

The "AAA" rating's agencies lie just Business for Scotland false propaganda


I spotted this on Twitter, the letter had been published in the Metro free Newspaper.  
Sorry Joe, but you are completely wrong on your assumptions.
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"Joe from Edinburgh illustrates perfectly how much the SNP have dumbed down their voters."


Sadly for Joe "Standard and Poor's" said nothing of the sort , all it said was it might be "BBB or higher" which isn't the same thing at all.  
A full explanation for this can be found on this link below.
http://rwbblog.blogspot.co.uk/2016/08/did-ratings-agencies-say-scotland-would.html

Joe is also wrong on the level of Scottish deficit too which is twice that of the UK , the actual numbers and future projections can be seen on the link below. They show that Scotland is in a much worse position that the UK overall and will continue to be so for the foreseeable future.

http://www.gov.scot/Publications/2016/08/2132

 The numbers to look out for are :
Excluding North Sea revenue, was a deficit of £14.9 billion (10.1 per cent of GDP). 
Including an illustrative geographic share of North Sea revenue, was a deficit of £14.8 billion (9.5 per cent of GDP).
For the UK, was a deficit of £75.3 billion (4.0 per cent of GDP).
(Remember the population of the whole UK is about 65 million compared with 5.5 million in Scotland )
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 Scotland's Government financial reports GERS are EU standards of statistics and are accurate to  a level of 95%.  
They are built by Scottish Government NOT Westminster "The Scottish Government's Chief Statistician takes responsibility for this publication."

 Read "Code of Practice for Official Statistics" as seen on this link below.
http://www.gov.scot/Topics/Statistics/Browse/Economy/GERS

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The 40 year's of Stolen Scottish Oil revenue Lie
http://scotsnationalistliedestroyer.blogspot.com/2016/07/the-40-years-of-stolen-oil-revenue-lie.html
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