Tuesday 23 December 2014

Cheaper Oil and Petrol is great for Northumberland - bad news for SNP / Scottish Independence / Salmond / Sturgeon etc

The crash in pump prices is giving the UK economy — already Europe’s strongest — a shot in the arm which will benefit every household in the land. … All this will give the Coalition Government, and the hard pressed taxpayer, a happy New Year as businesses take a boost, tax revenues flow and the deficit finally starts tumbling.

Yet the very basis for Mr Salmond’s reputation as a political prophet has been shattered by the crash in oil prices, which is literally tumbling by the day:
http://www.telegraph.co.uk/finance/newsbysector/energy/11308952/Opec-Oil-plummets-after-Saudis-says-20-crude-is-possible.html

Tough to argue with this commentary. And remember Scotland's independence was meant to be secured on permanently high oil prices. The honest truth is that Alex Salmond has zero economic credibility.