Recent history... The McCrone Report 1974 The McCrone report was a UK Government dossier on the economic viability of an independent Scotland, written in 1974 by Professor Gavin McCrone, a leading civil service economist, for the Conservative UK government. By the time it was completed the Labour Party had returned to power. The report predicted that North sea oil revenue would give an independent Scotland a large tax surplus, on such a scale as to be embarrassing, making the country as rich as Switzerland.[1] It also surmised that this surplus revenue would make the Scottish pound the hardest currency in Europe with the exception of the Norwegian kronor[1] The report went on to advise UK government ministers on the various methods they could use to take the wind out of the SNP sails. The incoming Labour administration classified the document as secret over fears it could give a further boost to the SNPs policy of Scottish independence.[2][3][4]...
Posted on: Tue, 11 Mar 2014 10:02:40 +0000