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, relationship with and/or relationship:
“Christianity as an organized religion has not always had a harmonious relationship with the family. Unlike Judaism, it kept almost no rituals that took place in private homes. The esteem that monasticism and priestly celibacy enjoyed implied a denigration of marriage and parenthood.”
—Beatrice Gottlieb, U.S. historian. The Family in the Western World from the Black Death to the Industrial Age, ch. 12, Oxford University Press (1993)
“Guilty, guilty, guilty is the chant divorced parents repeat in their heads. This constant reminder remains just below our consciousness. Nevertheless, its presence clouds our judgment, inhibits our actions, and interferes in our relationship with our children. Guilt is a major roadblock to building a new life for yourself and to being an effective parent.”
—Stephanie Marston (20th century)
“Whatever may be our just grievances in the southern states, it is fitting that we acknowledge that, considering their poverty and past relationship to the Negro race, they have done remarkably well for the cause of education among us. That the whole South should commit itself to the principle that the colored people have a right to be educated is an immense acquisition to the cause of popular education.”
—Fannie Barrier Williams (1855–1944)