Darling Rules Out Oil Break For Scotland
As the growing saga of Scottish independence continues to hit the headlines it seems that Alex Salmond’s demand for a greater share of the North Sea oil revenues for Scotland has fallen on deaf ears. However, many in the press are very sceptical of Salmond’s motives as he continues to pick and choose the most controversial of fights with the UK government.
Salmond has estimated that the extra windfall the revenue will receive this year from higher oil taxes will equate to around £4 billion. He is claiming that the Scottish government should be allocated at least 10% of this extra figure which was not in the forecasts when budgets were set earlier in the year. While he cannot expect the UK government to give up these funds without massive resistance, many believe that he is sabre rattling to take the heat off some of the SNP’s own policies which have not been wholly successful.
While the SNP are pushing ahead with their call for a referendum on independence for Scotland, they seem to be doing their best to delay the actual vote. In the meantime the prospect of Scotland ‘going it alone’ seems to be getting less and less with more Scottish voters starting to realise the risks involved.
Share this..
Related stories
Are Microsoft and Rupert Murdoch set to work together?
While there is no doubt that the revamped and restyled Microsoft search engine Bing has made some inroads into the massive influence of Google in the online arena, in the overall picture it has had a minimal impact so far. Interestingly, and seemingly unconnected at the time, recent news that Rupert Murdoch was looking to withdraw his various news channels from the Google news system was largely i...
Read MoreFactory gate spike sparks inflation fears
Britain's manufacturing sector saw its annual output prices rise by an unexpectedly high 2.7 per cent in March, government figures show.The Office for National Statistics (ONS) revealed today that the month-on-month output price jump was 0.6 per cent, caused mainly by oil price rises and the cost of other manufactured products. Input prices, which had fallen by 1.2 per cent in February, rose to 0....
Read MoreBoE believes mortgage owners could cope with a 2.5% rate rise
12/12/2014 The Bank of England (BoE) believe the majority of people with mortgages could cope with a rise in interest rates, as long as wages rise alongside it. The BoEs annual survey of household finances found that just 4% of mortgage holders would need to take action if interest rates rose to 2.5% from their current historic low of 0.5%, although the report assumes a 10% rise in househo...
Read MoreCadbury rejects £9.8 billion offer from Kraft Foods
UK giant Cadbury has today rejected a £9.8 billion takeover offer from US conglomerate Kraft Foods which values each Cadbury share at around £7.20 a share. While the terms are the same as the indicative offer just a few weeks ago the fall in the Kraft Foods share price has reduced the value from £7.45 a share to £7.20 share. So what next for Cadbury?
When you bear in mind the C...
UK inflation shows largest fall for over a decade
The announcement of inflation in December saw many analysts disappointed with the 3.1% rate which was a fall from the previous month's 4.1%. Despite the fact that this drop was the largest for over a decade many experts had expected the rate of inflation for December 2008 to have fallen as low as 2.7%. So why was the rate slightly higher than many expected?
It appears as though the...