Posted by: tonygurney | October 25, 2010

Professor Andrew Hughes Hallett explains why Scotland subsidises the UK, not the other way round – Go Lassie Go

Professor Andrew Hughes Hallett  is a world class economist who divides his time between George Mason University in Virginia and St Andrews. He spoke to Newsweek Scotland today about the implications of the Comprehensive Spending Review. He carefully explained how Scotland is actually in surplus, how the calculations on UK spending misrepresent Scotland and why the bank bail out is not the disaster some would have us believe. Forget what you have been told. When the sums are done Scotland actually sents a small subsidy to England, not the other way around. 

You can hear him here on Newsweek Scotland. When I have more time I may transcribe his interview, it really is that good!

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