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  • The Independent

    Scotland’s finances more at risk from volatile oil and gas market – think tank

    by Craig Paton Mar 27, 2024 3 minutes
    Source: PA Archive

    Scotland’s public finances are at more risk of volatility as a result of oil and gas revenues than the rest of the UK, a leading think tank has said.

    David Phillips, an associate director at the Institute for Fiscal Studies, looked at forecasts from the Office for Budget Responsibility (OBR) on oil and gas revenues, which are said to be worth around £5 billion to the Treasury in this financial year – dropping from £10 billion last year.

    If realised,

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