Scotland’s vast deficit gives nationalists another dose of reality
Happy GERS day everyone! For the uninitiated, the publication of the Government Expenditure and Revenue Scotland figures has become one of Scotland’s most-cherished annual political bunfights. It is a kind of Caledonian Festivus, during which certain rites must be observed. Some people enjoy the Festivus Miracles, others relish the Festivus Feats of Strength and magical thinking but everyone agrees that the true meaning of Festivus - and GERS - is only truly made apparent during the traditional and joyous Airing of Grievances. Today, happily, will be no exception. the latest GERS figures show some improvement in Scotland’s financial position. The deficit run by Scotland last year only amounted to £13.3 billion, slightly better than the £14.