Scottish exports’ massive surge as London and the South’s deficit widens to saddle us with massive debt

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John Robertson
Scottish exports’ massive surge as London and the South’s deficit widens to saddle us with massive debt

In 2017, Scotland’s exports rose by 19.2% to £28.8 billion widening our trade surplus and maintaining our record of having an overall surplus at least as far back as 2014. There are around 7 000 exporters in Scotland with an average value of £4.2 million. Judging by the graph above, London’s deficit alone is nearly £50 billion per year and the South of England as a whole seems to be running a deficit of around £100 billion! https://www.ons.gov.uk/economy/nationalaccounts/balanceofpayments/bulletins/uktrade/january2018 I sometimes…

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John Robertson
Scottish exports’ massive surge as London and the South’s deficit widens to saddle us with massive debt