Rennie: Nicola Sturgeon's economic credibility smashed to smithereens

The leader of the Scottish Liberal Democrats Willie Rennie MSP has said Nicola Sturgeon’s economic credibility has been smashed to smithereens as new figures call into question her judgement of Scotland’s finances.

Government Expenditure and Revenue Scotland (GERS) figures published today shows the impact of the decline in revenue from North Sea operations. In 2014-15 total Scottish revenue fell in cash terms by £607 million, reflecting the fall in North Sea revenue which dropped by 55% compared to 2013-14.

Mr Rennie said: "This is not good news for Scotland. Nicola Sturgeon's economic credibility has now been smashed to smithereens. These devastating GERS figures call into question her judgement on the nation's finances and the oil industry which are two critically important responsibilities for any Scottish First Minister. 

"Of course she was wildly optimistic on her projections for income from North Sea oil. Yet her fatal error of judgement was recommending that Scotland should be independent even though its finances would be based on such a volatile and unpredictable source of income.

"Thank goodness Scottish people had the great sense to reject her reckless recommendation. It means we can now focus on making Scotland the best again on education, environment, health and civil liberties."

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