Thursday, 30 July 2009

Sancho Swinney Rides Again

John Swinney, having failed to achieve his key policies of LIT or SFT, is resorting to the old distraction strategy. He has resurrected the old faithful "oil fund" bandwagon. The bold steed Oil Fund is a trusty mount from which to rally the SNP faithful when all else fails but, viewed in reality, it's a spavined old nag with knock knees and a mouldy main.

In most years, to achieve the level of spending in Scotland that is achieved using the Barnett Formula, an independent Scotland would have nothing left to invest in its mythical oil fund. It's our old Nationalist friend again: spend the same money ten different ways and never mind the harsh realities.

Look here....

Mr Swinney is, it seems, also misrepresenting (if that's the word) the findings of the Calman Commissoin, much to the disgruntlement of Lord Calman himself....

and here

Look here....

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