I must admit, I have signed up for an account just to post on this thread. My wife pointed it out to me and, having read a few pages (sorry, not going to scroll through all 12 so if I miss something, I apologise) I have spotted quite a few misconceptions, although some are worse than others. I'm also a PhD student at a Scottish University and my thesis looks at a topic which is very closely related to this thread so I am qualified to make a few corrects.
The most major point concerns the type of view held by karetta who's post from 10.1.12 at 13:49 reads:
YANBU it would be fantastic and I hope Wales and Northern Ireland follow suit. They are a drag on England we would be well advised to get rid of them
By 'drag' I assume a financial burden and not bad aerodynamic engineering. Anyway, the point being made is that England is a net contributor to the United Kingdom and Scotland is a net beneficiary. The best place to start is to look the numbers, the best and most widely used are Government Expenditure and Revenue Scotland 2009-2010 (GERS), which '...is a National Statistics publication. It estimates the contribution of revenue raised in Scotland toward the goods and services provided for the benefit of Scotland. The estimates in this publication are consistent with the UK Public Sector Finance Statistics for April 2011.' (www.scotland.gov.uk/Resource/Doc/352173/0118332.pdf: page 5)
OK, so everyone can have a look at the figures on the hyperlink I have posted above. GERS is considered the best estimate of Scotland's revenues and expenditures within the UK by most independent commentators. They were first published in 1992 under the Scottish Office and have been published yearly ever since. If you go to page 5 of GERS once again, table E.1 shows the total public sector spend in Scotland at 9.3% of the UK total in 2009-10. Looking down at table E.2, you can see that, excluding Scotland's share of North Sea Oil, revenue in 2009-10 was 8.3% of the UK total. Right, so we spent more than we raised. However, if you go down the same column and look at that same figure with our geographical share of North Sea Oil accounted for, that figure jumps to 9.4% of the UK total. Now, these are tough times economically so revenue streams are down on their optimum, but these figures show that Scotland is a net contributor to the UK public purse however way you want to look at it, albeit by 0.1%. Looking at it a different way, the Scottish population account for 8.3% of the UK total, yet they pay 8.3% of its revenues without accounting for the oil that would be geographically apportioned to Scotland according to international law if the country was to become independent. In short, we contribute more than we receive back and, if you look at these figures over previous years, the balance of payments has been even more generous towards the rest of the UK than towards Scotland.
So, now you can see why many people don't mind that Little England attitude that we are a drain because, quite frankly, it suits us if you cut us adrift or we decide (as we should) to do it ourselves
However, I do absolutely agree with those people who say oil isn't a long-term solution. It is a short-term fix for a much wider problem in Scotland; the fact that the public sector is too large a proportion of the economy. The private sector is strong in Scotland, but not uniformly across the country. In order to make up the deficit in private sector revenues the government would probably need to do two things simultaneously; restrain public spending and cut taxation on business (rates, corporation tax, NI contributions) in order to encourage an influx of capital. Oil revenues are there as a buffer to meet current expenditure whilst over a period of time, say 5-10 years, the private sector can grow as a proportion of the economy and close that revenue gap. The beauty of oil revenues comes after that when they exist outside a relatively balanced budget and can be used for two key things; capital investment (roads, rail, airports, schools, hospitals, enterprise parks or whatever) and an oil fund similar to the Norwegians.
Now, we can never hope to amass an oil fund like the Norwegians which, staggeringly, will stand at over $700 billion at the end of 2012. In the worst case scenario, that fund will be worth over $400 billion in 2030 and in the best case scenario over $3000 billion!!! What do you think the Norwegians did during the financial crisis? Borrow money on the international markets to bail out their banks? Not a chance! The have a solid long-term policy there that is both sensible and desirable and makes one weep at the current stock of politicians in this country, particularly those muppets in the Labour party who have left the country on its knees for short-term populist gain without and economic foresight whatsoever (no, I'm not a Tory hating Scot, they're the best of a bad bunch).
The UK is dead-duck country that is heading for long-term economic decline. Scotland has a chance to break away from this sinking ship and chart her own course in the world according to her own political, social and economic values. I really hope that we decide to become and independent country and I think we are on the brink. There is only so much times you can be told that you cannie dae that.