Scotland Would Be Gbp 1.3bn in Black with North Sea Oil Money, Says Snp

Summary

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A FURIOUS row over the state of the public finances erupted last night after the Scottish Government claimed official figures suggested that Scotland reported a Budget surplus of GBP 1.3 billion in 2008-9.

Finance secretary John Swinney said the country would be GBP 1.3bn in the black if it was assumed that Scotland received its "geographical share" of North Sea oil revenues. But Mr Swinney's claim, which was based on the Government Expenditure and Revenue Scotland report, published yesterday, was disputed by Labour politicians, who said the country was running a deficit of almost GBP 4bn.

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Scotland Would Be Gbp 1.3bn in Black with North Sea Oil Money, Says Snp

The sharply contrasting interpretations came as Labour accused ministers of "fixing the figures", claiming they ha...

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