Scotland warned of record public spending black hole

Good morning,

Scotland’s public spending deficit could hit a record high of 28 per cent next year, as Scottish Government figures showed that last year’s deficit had risen to £15.1 billion even before the Covid pandemic hit the economy.

While Nicola Sturgeon said the Government Expenditure and Revenue Scotland (GERS) figures were not a reflection on the potential financial status of an independent Scotland, the data – which is produced by the Scottish Government – revealed that the gap between taxes raised and public spending had grown from 7.4 per cent in 2018 to 8.6 per cent last year.

The current deficit for the UK as a whole is 2.5 per cent.

Full story HERE

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