Scottish Liberal Democrat energy spokesperson Liam McArthur has blasted SNP Ministers for their handling of a crucial Scottish Government bulletin on oil and gas.
Despite months of pressure from opposition politicians, the SNP Government quietly issued the document today – the final day before parliament breaks for summer recess. The oil and gas bulletin revealed SNP mnisters downgraded their most optimistic forecast from £39.7bn in May 2014 to £10.8bn this year.
The latest figures blow a hole in the SNP’s plans for full fiscal autonomy.
Commenting, Mr McArthur said:
“The SNP Government’s credibility on oil and gas is falling faster than their own massive downgrades to forecast receipts. The downwards revision to their most optimistic forecast would have seen a £30m to public services in the blink of an eye.
“This blows a massive hole in their proposals for Scotland to scrap the Barnett formula and adopt full fiscal autonomy.
“Issuing this report on the day parliament rises for the summer recess either shows contempt for parliament or contempt for the oil and gas industry. The strong suspicion is that it is both. Shame on them.”