Relationship With The UK
In the run up to the proposed referendum on Scottish independence opinions on the likely state of a post-UK Scottish economy are varied. Some commentators believe that a current account surplus would accrue to Scotland (including oil and gas revenues), others that if Scotland were an independent state it would run a deficit of around 5% annually at the current rate of government spending. For example, it has been questioned whether Scotland could retain the UK's coveted triple A rating in bond markets. In response, a spokesman for finance secretary John Swinney referred to “the UK’s deteriorating growth outlook" and noted that Scotland was the only area of the UK outside London to record output growth between 2007 and 2010 and that "among the 12 nations and regions of the UK, Scotland is the third most prosperous in terms of output per head – behind only London and the South East of England.”
Read more about this topic: Economy Of Scotland
Famous quotes containing the words relationship with the and/or relationship:
“Some [adolescent] girls are depressed because they have lost their warm, open relationship with their parents. They have loved and been loved by people whom they now must betray to fit into peer culture. Furthermore, they are discouraged by peers from expressing sadness at the loss of family relationships—even to say they are sad is to admit weakness and dependency.”
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“Friendship is by its very nature freer of deceit than any other relationship we can know because it is the bond least affected by striving for power, physical pleasure, or material profit, most liberated from any oath of duty or of constancy.”
—Francine Du Plesssix Gray (20th century)