The GERS report shows an estimated net fiscal balance (including a geographical share of North Sea oil) in Scotland of -£15.1 bn or –8.6% of Scottish GDP for 2019-20. This compares with a UK net fiscal balance of –2.5% of UK GDP.The net fiscal balance as a share of GDP has worsened for both Scotland and the UK in 2019-20, by 0.6 percentage points for the UK and 1.2 percentage … [Read more...] about GERS and a new start
Mairi Spowage and Graeme Roy
About Mairi Spowage and Graeme Roy
Deputy Director and Director, respectively, of the Fraser of Allander Institute at the University of Strathclyde