Scottish News @ ScottishTimes SNP Press Release: WEALTH SUCKING “DARK STAR” HIGHLIGHTS NEED FOR A YES VOTE GAP IN UK GEOGRAPHICAL INEQUALITY SET TO GROW – LONDON IS “OUT OF CONTROL” SAYS LEADING ECONOMIST The SNP is today highlighting a report in the Financial Times that warns of the growing geographical disparity in wealth across the countries and regions of the UK. Professor Tony Travers of London School of Economics said: “London is the dark star of the economy, inexorably sucking in resources, people and energy. Nobody knows how to control it.” This follows on from UK Business Secretary Vince Cable admitting that London was becoming a ‘giant suction machine sucking the life blood out of the rest of the country’. Commenting Stewart Hosie MP, SNP Treasury spokesperson, said: “London has a disproportionate and deeply damaging pull on UK policy. Westminster is putting all its economic eggs in one basket – a high risk strategy, which also disadvantages everywhere else. “We know that Westminster is itching to get rid of the Barnett Formula and cut Scotlands cash by up to £4 billion - with MPs from each of the anti-independence parties signing up to the House of Commons report calling for this massive cut in the event of a No vote. It makes the choice of two futures in September’s referendum even clearer. “Vote No and get huge cuts to Scotlands budget from a London-centric government, whoever is in power - or vote Yes and create a fairer more prosperous country where economic decisions about Scotland are made where they should be – in Scotland.
Posted on: Mon, 20 Jan 2014 13:01:59 +0000
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