There is another important factor that people never consider when talking about "oil wealth"
and that is the fact that the majority of the tax take on oil in the UK is on the consumption of the product. i.e. the fact that almost 75% of the cost of fuel in the UK to the consumer is taxed.
The amount taxed at source ( the oil producers ) is smaller, although still a fairly hefty number.
But the idea that "Without Oil" the UK government would have no money is false. With or without Scotland UK companies will still purchase oil at the global market price and UK consumers will still pay and additional 75% to the treasury for the luxury of consuming it.
And anyway if it all gets a bit too much we'll simply have to either buy Shale Oil from the Americans or develop our own significant Shale resources around Blackpool.
Before anyone complains about the risks of fracking. It doesn't matter. Blackpool is nowhere near the home counties.
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Reply to: Osborne Speech on England Independance
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Previously on "Osborne Speech on England Independance"
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Originally posted by proggy View PostRight Einstein, if what you say is true, the Tories would love to get rid of Scotland given they have no vote up here. Funnily enough they are begging Scotland to stay hmmmmm I'll your excuse for a brain try and work that out, take your time.
It's nice.
Originally posted by shaunbhoy View PostHe has no alternative.
His brain patterns operate at the same speed as a striking slug!
Oh my, you haven't changed have you, all those ions of inbreeding clearly affects the heed.
Last edited by Old Hack; 25 April 2013, 08:37.
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Originally posted by Old Hack View PostYou joke about RBS, and Halifax and BOS, but you do realise, you'd be responsible for those debts as well don't you.
The trouble is, the basic nationalistic jock hasn't really understood all of the issues surrounding devolution.
I, personally, can't wait.
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Originally posted by proggy View PostWell the land and surrounding shore is part of Scotland so would be like asking your wife to give her half her arm. We will of course be willing to give you RBS and all its debts.
The trouble is, the basic nationalistic jock hasn't really understood all of the issues surrounding devolution.
I, personally, can't wait.
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Originally posted by proggy View PostWell the land and surrounding shore is part of Scotland so would be like asking your wife to give her half her arm. We will of course be willing to give you RBS and all its debts.
You're obviously of the understanding we'd split the assets geographically, and not per capita then?
And even if it were done geographically, you do realise that Englands coastline has been subtly altered over the past decade don't you?
Old Mrs Hubbard is going to go to her Oil cupboard and find half of it has been annexed to her Neighbour England
I'll laugh my chozzers off when the Sweaties realise there's not much oil left, and what is, is below the annex line.
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Originally posted by Troll View PostSurely in a divorce assets are split equally?
I'm not sure we would have the Union if England was allowed to vote- are you?
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Originally posted by proggy View PostDoubt it will happen, Osborne was willing to speak in Glasgow to beg Scotland to stay in the union. Bit like you marrying a rich Oil heiress (Scotland) and then her deciding she wants a divorce and you (England) begging her no to go as you need all that Oil money.
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Originally posted by proggy View PostDoubt it will happen, Osborne was willing to speak in Glasgow to beg Scotland to stay in the union. Bit like you marrying a rich Oil heiress (Scotland) and then her deciding she wants a divorce and you (England) begging her no to go as you need all that Oil money.
I'm not sure we would have the Union if England was allowed to vote- are you?
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Originally posted by Troll View Post<long overdue>
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