Thursday, October 14, 2010


Going back to the Joseph Stiglitz (former chief economist of the World Bank) theme of Britain living off of North Sea oil 'wealth' we can now see how well Norway has performed over the last 10 years.

You can see Norway's wealth per capita and compare it to the UK's. (I think the UK's growth is illusory but that's another story about adding borrowed money on to GDP figures and then distributing said borrowings to London). You'll have to imagine Scotland's growth but I reckon that it will come in under the UK's in general.

Chart by Credit-Suisse

Not bad eh? I wonder how Scotland would look with a tripling of her per capita wealth over the last ten years like Norway?

Remember to CHEQUE YOUR OIL before you drive to the polling stations!

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