Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner. Facebook Messenger An icon of the facebook messenger app logo. Facebook An icon of a facebook f logo. Facebook Messenger An icon of the Twitter app logo. LinkedIn An icon of the LinkedIn logo. WhatsApp Messenger An icon of the Whatsapp messenger app logo. Email An icon of an mail envelope. Copy link A decentered black square over a white square.

Oil figures will “blow hole” in independence argument

Post Thumbnail

Alex Salmond has been accused of refusing to revise oil and gas figures because it would “blow yet another hole” in the case for independence.

Eight weeks ago Finance Secretary John Swinney promised to update his oil revenue forecasts after Scottish Government estimates for 2013 were £3billion out.

But yesterday, Scottish Tory leader Ruth Davidson called for Mr Salmond to say how the SNP would balance the books in an independent Scotland.

She said: “It’s not just me that’s asking, because the Scottish Parliament’s own information service asked the government for answers two weeks ago and were told ‘soon’. Then they asked last week and were told ‘soon’.”

Ms Davidson said “in better times” when the SNP wanted to shine the light on oil figures it had civil servants working over the weekend on a report, but now “when the news isn’t so good” it was dragging its feet.

“People want clarity, but the first minister has stalled in giving it because if he did it would blow yet another hole in his independence white paper,” Ms Davidson said.

Mr Salmond said the update would be released although he would not say when.

“I think Ruth Davidson should be very careful what she wishes for in these matters,” he said.

“As that analysis is released it will examine the UK Government’s track record in forecasting oil revenues, not just over the last few years but the last 30 to 40 years.

“If we believed the Conservative party on the subject of Scotland’s oil it would all have been finished over 10 years ago, was the forecast of the Conservative spokesperson.”

He added when the forecast came out it would look at the “credibility” of an Office for Budget Responsibility (OBR).

Mr Salmond said: “It will look at the credibility of the forecasts of an OBR which says under $100 (£59) a barrel when the Department of Energy and Climate Change is pushing towards $130 (£77) a barrel.

“There is a fundamental question: will it go as the last 40 years and disappear into the maw of the London Treasury, or will it be used to invest in the economy and future life chances of an independent Scotland?”