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Barack Obama has said the interest of the US in the Scottish independence referendum issue was to ensure it retained a "strong, robust, united and effective partner"
originally posted by: VictorVonDoom
a reply to: crazyewok
That will teach you to send Piers Morgan over here.
The president was speaking alongside UK Prime Minister David Cameron at a media conference following the G7 summit.
Mr Obama was asked what the decisions on Scottish independence and the UK's membership of the EU meant to him and the American people.
Referring to the independence debate, Mr Obama said: "There is a referendum process in place and it is up to the people of Scotland.
"The United Kingdom has been an extraordinary partner to us. From the outside at least, it looks like things have worked pretty well.
"And we obviously have a deep interest in making sure that one of the closest allies we will ever have remains a strong, robust, united and effective partner.
"But ultimately these are decisions that are to be made by the folks there."
1) Scotland has a rich and diverse economy Scotland’s economy includes £21.4 billion in construction which employs 170,000 people, £11.6 billion in tourism which supports 292,000 jobs, £39 billion yearly turnover in manufacturing with a value added of £12.7 billion and 127,000 people employed. Scotland also has world leading expertise in life science, world class universities (5 in the world’s top 200), a multi-billion pound creative sector and vast energy (oil, gas, tidal, wave, wind and solar), fishing and agricultural resources.
2) Scotland is a net contributor to the UK Last year Scotland provided £800 more in tax per person that the UK average. This means Scotland would have been £8.3 billion better off as an independent country over the past 5 years. We could have spent that money investing in our economy with the same debt levels as the rest of the UK or saved it and had £8.3 billion less debt.
3) Scotland generates far more tax than the UK average Scotland generated £800 more in tax per person than the UK as a whole in 2012-13. Scotland has generated more tax per head than the UK every year for the past 33 years. The graph below is for a shorter time period but produced by the UK Government. Even in the years where oil prices were lowest, Scotland tax generation was always been considerably higher than the UK average and England in particular.
4) Westminster has cost Scotland £64 billion in the past 30 years Scotland has paid £64 billion in UK debt interest that Scotland didn’t need. An independent Scotland would have been far better off economically. This was reported recently in the Sunday Times after bespoke Business for Scotland research showed that Scotland has been subsidising the failings of Westminster economic mismanagement.
5) Scotland has a lower deficit and lower public spending than the UK Over the past 5 years Scotland had lower deficits than the UK. Scotland’s average deficit has been 7.2%, while the UK deficit has been 8.4%. Scotland only spends 42.7% of Scotland’s GDP on public spending. The UK spends 45.4%. (also over the past 5 years) This demonstrates that Scotland’s public finances are in a stronger position than the UK as a whole.
4) Westminster has cost Scotland £64 billion in the past 30 years Scotland has paid £64 billion in UK debt interest that Scotland didn’t need. An independent Scotland would have been far better off economically. This was reported recently in the Sunday Times after bespoke Business for Scotland research showed that Scotland has been subsidising the failings of Westminster economic mismanagement.
6) Scotland has strong exports Scotland’s top export markets are USA, Netherlands, France and Germany, which are worth a combined total worth of £9.5 billion. (Table 9.1) Scottish whisky exports are valued at £4.27 billion last year. This is because Scotland exports 40 bottles every second! The food and drink market is key to Scotland’s exports across the world. Other key industries include chemical manufacturing, computer products, finance and insurance and other forms of equipment. (Table 9.1) With the powers of independence combining with the Scottish Government gaining direct control over international relations, there is a target to increase exports by 50%, which would create over 100,000 new jobs.
7) Scotland’s oil fields remain a massive financial asset The oil in the North Sea is worth over £1 trillion. There are at least 15-24 billion barrels of oil remaining which will continue long into the 21st century. Over 90% of the tax revenue will go to an independent Scotland which can help to establish a national oil fund for future investment. Recently, Business for Scotland explained the potential for a West coast oil boom that is currently blocked by Westminster. Independence could revitalise the economies of Ayrshire and the Strathclyde region as a whole. Most oil price forecasts are upward, with one of the exceptions being the UK Government’s OBR which has a political motivation to underestimate oil revenue.
8) Scotland has huge potential in renewable energy Scotland has 25% of Europe’s total tidal energy potential, 25% of total wind energy potential and 10% of total wave energy potential. This has the power to reindustrialise Scotland bringing more jobs and greater prosperity. Key examples include the Pentland Firth – the Saudi Arabia of renewable tidal energy – and the Moray Firth - a substantial offshore wind energy project. Small scale and often community owned renewable projects also have huge potential to provide low cost energy to revitalise Scotland’s rural communities.
Scotland is one of the top UK locations for inward investment Inward investment into Scotland’s economy has hit a 15 year high. Last year Ernst & Young ranked Scotland as the most popular UK destination for global investment outside of London. Scotland secured 11% of all UK Foreign and Direct Investment despite being only 8.4% of the UK population. The report confirmed that far from uncertainty over Scotland referendum causing a slow down in inward investment that “it seemed to have the opposite effect”. A combination of tax incentives combined with a raft of other economic measures such as significant government investment in fast growing sectors should ensure FDI continues to be a strong contributor to Scotland’s economy. Indeed evidence suggests that newly independent nations enjoy significantly increased FDI. inward investment
From the outside at least, it looks like things have worked pretty well.
originally posted by: MrSpad
Well duh, of course the US would prefer the UK remain strong and united instead of divided into less powerful states. Scotland seems to think it will jump right into NATO and the EU but, that is not a sure thing. That alone invites the US and all of NATO and the EU into the fray.
originally posted by: thesaneone
a reply to: crazyewok
Nobody is interfering dude, they asked him a question and he gave his opinion.
An American president is against "independence" of a nation ruled by the British throne.
originally posted by: thesaneone
a reply to: crazyewok
Like I said it was only an opinion dude.
Just like you, he's allowed to have one.