How Britain squandered its most valuable asset – Fifty years after the North Sea bonanza began, the final decline is upon us
by SaltTyre
How Britain squandered its most valuable asset – Fifty years after the North Sea bonanza began, the final decline is upon us
by SaltTyre
4 comments
I expect The Torygraph will be telling soon us that invading Egypt to protect the Suez Canal could be a mistake.
We got what we deserved, control over oil wealth was in the hands of the UK Government and Thatcher spent it on tax cuts for the wealthy.
Lord Heseltine condemned the squandering of this asset and was calling for a UK sovereign wealth fund as late as 2017, which could have been a Scottish sovereign wealth fund had 2014 worked out better.
Michael Heseltine: Build a wealth fund for the UK to provide capital to back British industry
By Neil Craven for The Mail on Sunday
Updated: 09:42 05 Nov 2017
Shame really.
And Scotlands assets will continue to be squandered as long as we allow the red and blue yoons to rule us from Westminster.
Independence is the only way it gets better
Ahem, the wind farm licenses are leased.
The difference being that the Tories sold off the nationalised BNOC and Britoil to BP for a knockdown price that would have been of similar value to Norway’s Sovereign Wealth Fund had it remained in state hands.
However, fear not the South East got the M25, Cross rail and Canary Wharf, so that’ll eventually dribble down to our great, great grandchildren as they faithfully serve their betters as they holiday in Brigadoon…