Scotland's public finances
18th Nov 2016
At the moment, Scotland gets more money from the UK government than it sends back.
True in 2016, although it hasn’t always been the case.
Scotland’s public finances haven’t always benefited from being part of the UK.
Correct. Scotland’s was a net contributor to the rest of the UK in 2005/6, and for four years from 2007/8 until 2011/12.
Claim 1 of 2
“Scotland at the moment is a net beneficiary of the fiscal union between England and Scotland. That hasn’t always been the case, but it is at the moment. However, Scotland would be a net contributor to the EU”
Merryn Somerset Webb, 17 November 2016
The gap between what the Scottish government spends and what it collects in taxes is higher than the rest of the UK, according to its official figures. So at the moment, Scotland’s public finances benefit from fiscal union.
This hasn’t always been the case. The benefit varies from year-to-year. If we include Scotland’s geographical share of oil revenue, which goes to the UK government as a whole, then Scotland’s percentage deficit was smaller than the rest of the UK in 2005/6, and for four years from 2007/8 until 2011/12.
And it’s hard to say what Scotland’s public finances would look like after independence. It’s not clear what responsibility an independent Scotland would take for costs like UK government debt - that would have to be negotiated. And the revenues from North Sea oil and gas are also quite uncertain, since the price of oil and gas is relatively changeable.
Whether or not an independent Scotland would be a net contributor to the EU - and whether it would be able to remain a member in the first place - is a task for another day. Although it makes sense that as a comparatively rich country it would pay in more than it gets out. Analysis from both the Scottish and UK governments seems to back that up.
This fact check is part of a roundup of BBC Question Time, factchecked. Read the roundup.