The National Question in Scotland – Part Two
The idea that an independent Scotland on a capitalist basis would solve the problems of the Scottish people is false to the core. On the contrary, it would result in falling living standards as wages were driven down to boost competitiveness.
Scottish National Party
Despite the SNP’s traditional claim of “rich Scots versus Poor Brits” and an economic future based on “Scotland’s oil”, North Sea oil is due to fall from 0.7% of UK national income in 2011-12 to only 0.2% by 2022-23. The banking sector, which plays a big role in the economy, is in difficulties and propped up by the British state.