I believe your top professor Ronald McDonald is a staunch NO supporter, he was on STV News yesterday giving his unbiased (ahem!) view telling us about an economic crash in even of a YES vote. The following has no affiliations to either camp. We also have a couple of Nobel Prize lauriets telling us Scotland will only benefit. Id rather listen to reasonable, unbiased logic in the majority to back up my belief that YES is the best thing for Scotlands people. -------------------------------------------- Professor Mackay’s intervention Key extracts from Professor Mackay’s intervention today include: 1) “I begin with the macroeconomic framework which an independent Scottish Government would face and suggest that its fiscal position from 2016 would be very much strengthened by the likely future path of North Sea output and tax revenues.” 2) “The Treasury’s basic premise, that an independent Scotland in 2016 would inherit a chronically weak fiscal position, is unsustainable. It would be easier for Scotland to live within the fiscal rules, because the likely future direct and indirect impacts of North Sea oil and gas would be much greater than the Treasury suggests.” 3) “The OBR is also hopelessly at sea when it comes to forecasting the price of oil.” 4) “On this basis a well prepared Scottish government would be able to implement the main supply side reforms contained in your white paper and fund that process within the fiscal limits which would be imposed by symmetric fiscal rules. As for Project Fear, I am sure you will make good use of the words of the American president who said, in the depths of the deepest recession ever faced by his people, that `the only thing we have to fear is fear itself’.”
Posted on: Fri, 15 Aug 2014 23:18:15 +0000
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