We\’re seeing a lot about how Maggie \”wasted\” North Sea oil.
Anyone got any numbers on how much it actually was? I\’ve not even got a feel for what portion of the economy the government managed to snaggle of it. I really don\’t know whether it was 0.1% of GDP, or 100% of GDP (err, that\’s not really possible but…..).
I know it was a very much smaller precentage of GDP than Norway got, they having more oil and gas and a much smaller GDP.
But what actually was it that was \”wasted\”? How much of GDP?
My very vague feeling is that it really wasn\’t all that much. But it would be nice to know.