Kevin Hague
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kevverage.bsky.social
Kevin Hague
@kevverage.bsky.social
1.9K followers 960 following 1.4K posts
Investor/chair of a couple of Scottish businesses; chair of constitutional think tank These Islands; keen analyst of Scotland’s economic data (particularly “GERS” #fml); occasional political commentator; runner, hill walker & dog lover - views own, obv
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to be like any other normal European country, a fiscally autonomous Scotland would have to significantly increase taxes and/or severely cut public spending - this is the simple truth that much of the SNP’s rhetoric around GERS seems designed to obscure

www.these-islands.co.uk/publications...
good thread this 👇
1/ In today’s Mail, @stephendaisley.bsky.social mentions a conversation we had about the SNP’s energy policies. Short 🧵 with sources and a little bit of additional explanation…
and i know there are GERS-deniers out there - people who attempt to undermine the integrity of the Scottish Government’s own figures (and the statisticians who compile them) - but they are surely best left to angrily shout at the clouds?
a cartoon of homer simpson is holding a newspaper that says old man yells at cloud
ALT: a cartoon of homer simpson is holding a newspaper that says old man yells at cloud
media.tenor.com
and for those who care about such things: the difference between the 9.2% of UK public spending Scotland currently benefits from and 8.0% of UK spending (ie if we only got back the same as the share we “put in”) is £14.2bn, aka the fiscal transfer
so my question is this: does it matter that a large swathe of the electorate favour the idea of breaking up the UK because they believe a demonstrably false grievance - and if so, how do we fix that?
been watching lots of focus groups - clearly many young Scots believe we “send all our taxes to Westminster but get only a fraction back”

but Scottish Government’s own National Statistics show we consistently benefit from 9.1% of UK public spending while contributing less than 8.5% to UK revenues 🤷🏻‍♂️
highly recommended - but be prepared for a chilling, depressing and deeply unsettling read
www.ft.com/content/1377...
Sunder is a consistent, measured voice of reason and he shows admirable calm in dealing with appalling attacks like this - this is more than “worrying”, it is shocking and outrageous
this is just awful Sunder, i’m appalled to see what you are having to face up to
that’s how we like it 🫤
autumnal mornings are the best
*it was 10 years ago (looking through some old photos)
i went shopping in Ningbo, China* - saw this and thought of you …
or his grasp of issues like the fact that HS2 investment (for infrastructure spending outside Scotland) triggered Barnet consequentials which directly *increased* Scotland’s block grant …
unless commitment to the union is framed as being about “solidarity” with fellow UK citizens - between old mining communities of the Rhondda and Lanarkshire, former shipbuilding heartlands of Clydeside and Tyneside, etc?
Reposted by Kevin Hague
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and for the record: i’m against those who try and persuade people to support breaking up the UK by deploying fallacious arguments and false grievances
the renewables investments in Scotland that are supported by subsidies (contracts for difference) paid by GB bill payers as a function of the integrated GB energy market - those ones?
and let’z not forget the Yes case was to assume £6.8 - 7.9bn a year of oil revenue for an indy Scotland … a figure that turned out to be massively over optimistic
and breaking up the UK - forcing Scots to bear massive spending cuts and/or tax rises while also dismantling the GB energy market upon which the Scottish renewables industry depends - don’t forget that bit 👍
Reposted by Kevin Hague
The most serious failure of the SNP’s latest independence paper is that it completely ducks the question of how an independent Scotland would get its public finances onto a sustainable footing.
bonkers
Big development on our July storyabout a dodgy tax relief claim by Dundee United and tax firm ZLX.

The club made a huge claim for R&D tax relief which said that 24% of the players' time, and 80% of the chef's time, was spent on "research and development".

Not credible.
Reposted by Kevin Hague
I assume Jenrick will be asked to confirm if he has a similar position on burning Bibles in public - it may be offensive but it should not be illegal.

But would he really pretend he would attend the court case to show solidarity & support to a Bible burner too? He surely would not.
i have muted the person you’re responding to and will now do the same to you (“Macnaughton”) - pointless interacting when you are so resolutely opposed to simple economic facts getting in the way of your heart’s desire to break up the UK

👋
i am resolutely positive about the values of unity and solidarity and the importance of informed debate - you only perceive me as being negative because i vocally oppose those (like you, it seems) who resort to misrepresenting economic facts in their desire to promote the separatist cause