Alex Salmond wants credit for not breaking the law

19th November, 2012 6:47 pm

Today Alex Salmond was boasting about the SNP’s record of having zero borrowing, telling ‘Good Morning Scotland’:

“Well the fiscal record of Scotland is of course that John Swinney as Finance Secretary has had zero borrowing over the last five years, which he must be the only Finance Minister in the world, I think with the exception of Norway in Western Europe at least, to have achieved that enviable record. That seems to me a pretty strong track record of success and compared to the UK Chancellors – George Osborne or Alistair Darling, it is an incomparably better record.”

That would be all well and good, except the Scottish government are legally bound to put forward a balanced budget every year. Yet Salmond is boasting about having “zero borrowing”. As Labour’s finance spokesperson Ken Macintosh notes:

“Every year since Swinney and Salmond took office they have spent hundreds of millions of pounds of the Scottish share of UK borrowing, just because it does not show up on the Scottish Government’s books, it is still borrowing; and it still reveals that the Scottish Government spends more than it raises in income.”

But still, Alex Salmond wants credit for not breaking the law…

  • http://www.facebook.com/profile.php?id=100001102865655 John Ruddy

    And in the same breath he will happily complain that the Scottish Govenrment ISNT allowed to borrow money!

  • http://www.facebook.com/profile.php?id=100001102865655 John Ruddy

    And in the same breath he will happily complain that the Scottish Govenrment ISNT allowed to borrow money!

  • jaime taurosangastre candelas

    Ken MacIntosh seems remarkably enlightened – and correct – about not spending more than you raise. Elsewhere, I have seen this shocking new idea rightly qualified as “over the life of a Parliament”, to retain some in-year flexibility. Is this the beginning of a trend for Labour, or is he to be purged for having anti-socialist ideals? Goodness, he even alludes to “off-balance sheet” spending, and the need to properly record that as debt. He is almost a tory from the age when the tories made sense on the economy.

    It is a pity other Scottish politicians have not seen it to be necessary to follow this good idea, to the detriment of us all. Now known chiefly from their absence from day to day politics, but still drawing a significant salary.

  • Chilbaldi

    Salmond goes out of his way to find extra ways to spend public money – that’s the real irony here. It’s all part of his tactics to create a wedge between Scotland and England.

  • http://www.facebook.com/people/Graeme-Hancocks/1156294498 Graeme Hancocks

    The man is such a charlatan.

  • Andrew Ben McKay

    The shine is finally coming off the SNP Gov. About time.

Latest

  • News Yvette Cooper says Labour’s defeat was a failure of political strategy

    Yvette Cooper says Labour’s defeat was a failure of political strategy

    Labour leadership candidate Yvette Cooper has written an article for the Huffington Post today, blaming Labour’s political strategy as the foremost reason for the defeat on May 7th. She identifies the inability the mistaken belief that former Lib Dems would automatically vote Labour, as well as failure to deal with the electoral threat of UKIP, as primary causes of the heavy defeat. “The political strategy of the Parliament failed. And we cannot repeat the same mistakes again. “We lost votes […]

    Read more →
  • Comment Labour and the new realities of UK politics

    Labour and the new realities of UK politics

    Commentators and potential leadership contenders are, understandably, anxious to arrive at conclusions about why Labour did so badly in the general election. As is always the case at this stage, however, all such conclusions are predominantly intuitive, rather than based on meaningful evidence. But, come conclusions are inescapable. First, Scotland aside, the results were different according to regions and, in some cases within regions. Labour won 51 seats in the North West, up four from 2010. Our share of the […]

    Read more →
  • Featured News Scotland Over half of Labour MSPs get behind Dugdale for leader

    Over half of Labour MSPs get behind Dugdale for leader

    Less than 24 hours after announcing that she would stand for Scottish Labour leader, Kezia Dugdale already has the support of the majority of Labour Members of the Scottish Parliament. Ian Murray, Scottish Labour’s only MP in Westminster, is also backing Dugdale. 20 of Labour’s 38 members in Holyrood have signed a statement to say they believe Dugdale is the person best placed to “unite the party”. The statement reads: “We believe Kezia Dugdale should be the next leader of […]

    Read more →
  • News Ed Balls says his next step will be “outside of politics”

    Ed Balls says his next step will be “outside of politics”

    In his first interview since the election, former Shadow Chancellor Ed Balls, who lost his Morley & Outwood seat on May 7th, has said that he is not looking for a way back into politics. While there has been speculation that Balls would look to return to Parliament in a by-election, he said that he was primarily interested now in writing abut economics. Questioned by the BBC’s Nick Robinson, Balls said that he was ready to take his share of […]

    Read more →
  • News The eight people vying to be Labour’s London Mayoral candidate

    The eight people vying to be Labour’s London Mayoral candidate

    On Wednesday the applications to be Labour’s candidate for London Mayor closed. We now have a list of all the people who have put their names forward to be in the running, and alongside the usual suspects there are a couple of other names in the mix. There are eight candidates: –Diane Abbott, the MP for Hackney North and Stoke Newington. She says that she’ll be a genuinely independent mayor, not in the pocket of the party leader. Abbott has […]

    Read more →
Share with your friends










Submit