Riots in England, but not in Scotland.
The London government faces the problems of a trade deficit, a housing bubble and anaemic productivity growth.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
Riots in England, but not in Scotland.
Scotland, on the other hand, has a trade surplus, no housing bubble and good productivity growth, especially in the oil industry.
England is not good at innovation and efficiency.
The UK today
(In 1987, Italy started taking account of its 'shadow economy' when it calculated its GDP. As a result, Italy's economy grew by 18% overnight. National accounts: Sex, drugs and GDP )
UK economy: Smooth sailing? - Financial Times 18 June 2014.
Oxfam poster describing England
COMMENT in the Financial Times
"What really matters is the current account deficit. As long as this is negative, Britain is importing capital to blow on consumption...
There was a 25 per cent real depreciation of sterling in 2007-08.
Yet the UK's current account deficit deteriorated to end 2013 at 5.4 per cent of gross domestic product, one of the largest in British history.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
(Scotland has a current account surplus. Scotland exports more than it imports)
In England, there has been the collapse in productivity growth.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
England is not good at innovation and efficiency.
The high-productivity sectors include: oil extraction (Scotland's North Sea oil) and utilities (including Scotland's alternative energy sector).
UK economy: Smooth sailing? - Financial Times 18 June 2014.
It is the Scots who have invented most things.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
It is the Scots who have invented most things.
The UK today
England does do well in the sectors of prostitution, narcotics and smuggling.
UK economy: Smooth sailing? - Financial Times 18 June 2014.
Oxfam poster describing England
COMMENT in the Financial Times
"What really matters is the current account deficit. As long as this is negative, Britain is importing capital to blow on consumption...
"Our politicians welcome the Chinese, and this is treated as good news, but as far as I can tell, most of the discussions seem to concern negotiations to sell them even more of our national wealth."
Remember that we are about to see the End of ENGLAND, according to MoneyWeek.
Angus Tulloch is one of the UK's top fund managers.
He supports the idea of an independent Scotland.
He points out:
1. A higher percentage of people in Scotland go on to higher education than in the wider UK.
2. Scotland has very strong assets, including energy.
3. The London government is too 'southeast-centric'.
YES!
Remember that we are about to see the End of ENGLAND, according to MoneyWeek.
Angus Tulloch is one of the UK's top fund managers.
He supports the idea of an independent Scotland.
He points out:
1. A higher percentage of people in Scotland go on to higher education than in the wider UK.
2. Scotland has very strong assets, including energy.
3. The London government is too 'southeast-centric'.
YES!
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