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Rennie: SNP independence plans could have left Scotland facing budget black hole

March 11, 2015 11:29 AM
Originally published by Scottish Liberal Democrats

Scottish Liberal Democrat leader Willie Rennie has said that today's GERS figures have shown that the SNP's independence plans would have caused a massive hole in the public finances.

The official Government Expenditure and Revenue Scotland 2013-14 report published today revealed that Scotland's deficit was £12.4bn in 2013/14, or 8.1 percent of GDP compared to 5.6 percent of GDP for the whole of the UK.

Commenting, Mr Rennie said:

"If Scotland had voted yes to independence these GERS figures would have been more than an academic discussion. Instead our political leaders would be in a blind panic desperately seeking to plug this massive hole in the public finances. Nationalists promised us a second oil boom to win the referendum but our schools, hospitals and universities would be feeling the ramifications of an oil slump."