Did you know that House of Fraser is essentially bankrupt? And by House of Fraser I mean Scotland. Yes Scotland, like the department store group, has no future or at least a radically different kind of future than many imagine. It, too, will need a bailout but sadly it will not be a Mike Ashley who saves the day – it will be you, the English taxpayer.
It was reported last week that Scotland spent £13.4billion more than it raised in taxes in the past financial year. The deficit as a percentage of the country’s GDP is 7.9 per cent – four times higher than the UK as a whole.
Other key statistics show that including North Sea oil revenue, Scotland’s public sector raised the equivalent of £11,052 per person last year – £306 per person less than the UK average. Scotland’s expenditure per person was £13,530, which is £1,576 per person higher than the UK average.
So that stereotype about the Scots being tight with the cash should be binned – they’re not that tight, at least not when it comes to spending other people’s money.
The most recent figure I could find on Scotland’s debt shows that it is £15billion in the red as of 2016.
Crucially, more Scots are dying than being born. The Scots have not bothered to replace themselves for 45 years, and in 2017 their birth rate was the lowest for 14 years. The total fertility rate in 2016 was 1.53, well below the replacement level of 2.1.
Sure, why bother having kids if you know the idiots south of the border will fund your vast social welfare scheme? Add a few hard-working immigrants and Bob’s your uncle! The Scots can continue to flog their wares to tourists and live off the North Sea oil for decades to come. Decades, mind, not centuries.
The children that the Scots do have will grow up in a world where they are told they can choose their gender – yes, it would be funny if it weren’t so serious. Confusing the last remaining kids in this way is obviously a fantastic idea.
The Scots have responded to this crisis in existence by rolling out yet another entitlement scheme – this time free tampons. You really couldn’t make it up. Every school, college and university in Scotland is to provide free sanitary products under a £5.2million Scottish government scheme.
Usually women who get free sanitary products are the poorest of the poor in some country in Africa. But today we see sanitary products given out to women and girls who own £150 phones. If there was ever a sign of cultural decline it is this – the country where its citizens cannot even take care of their own hygiene products.
Now, if I were a country with a fertility rate of 1.5 and a debt of £15billion I wouldn’t be giving out anything else ‘free’: I’d make like the old-time Scots and become a bit cautious with the cash. But that Scotland is gone – dying, literally, by the day, never to be replaced. It’s enough to make you reach for the whisky.