Any preferential spending in Scotland must be extended to the whole United Kingdom, paid for by a reduction in the block grant to the Scottish devolved body, which has its own revenue-raising powers with which to make up the shortfall. Easy.
Meanwhile, hear how riotously the SNP audience roared its approval of this commitment, and that in the present economic climate. Even if they are right on this issue, what a very upper-middle-class lot the SNP are, and how very detached from the rather more pressing concerns of the less fortunate.
Still, Labour, which is going to win anyway, will nevertheless have to be seen to match this, I suppose. As it will have to be seen to match Iain Duncan Smith's universal pension, even though, again, Labour is going to win anyway. So, all to the good.
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"Any preferential spending in Scotland must be extended to the whole United Kingdom, paid for by a reduction in the block grant to the Scottish devolved body, which has its own revenue-raising powers with which to make up the shortfall. Easy."
ReplyDeleteWhatever. Your blog shows your grasp of economics/finance and it would not outwit Standard Grade/GCSE Economics candidate.
Considering the Tories are the only party who want to introduce charges you are in bed with a strange bunch there. Even the Lib Dems here want free tuition - in return for scrapping universal pensioner bus passes.
Why the hatred of Scotland? Like Kurt Waldheim and Arthur Seyss-Inquart - two Germans of Slavic origin who persecuted Slavs - you wish to persecute the land of your forebears. Great company!
Blah, Blah, Blah. The dying gasps of the SNP.
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