Then there was a presentation on the scale of Scottish deficits that assumed that the Government Expenditure and Revenue Scotland statement (GERS) is factual, and that Scotland runs the biggest deficit in Europe, and that this is utterly unsustainable. There was not a mention that GERS quite specifically says it provides no indication of how the economy of an independent Scotland might behave. Instead it was assumed that nothing would change if independence were to happen. How that constitutes a credible argument, even before the flaws in GERS are considered, is hard to conceive.
The point is rather that GERS gives us an insight into what would have to change if Scotland became independent. You know, quite a lot to close that deficit.
Anyway, so Ritchie finds the audience at a Fabian meeting not up to scratch. And says so:
I then told them that since the quality of political and economic debate on The Bake Off was bound to be of a higher calibre than that in this meeting that was what I was going to watch, and left the meeting.
Hmm well, yes:
his claim was wrong, but what was clear was that argument had disappeared and pedantry was on display……It was the arrogance on display,……plus the sheer scale of economic incompetence evidenced
If you say so Snippa.