Shutdown hit Scottish oil revenues

FALLING oil revenues have seen a reversal in Scotland's economic fortunes compared to the UK, official figures show.

Loading Comments

Oil revenues dropped by more than two-fifths in 2012/13, pushing Scotland's deficit above the UK's for the first time in recent years.

Government Expenditure and Revenue Scotland (Gers) figures show an unplanned stoppage in the Elgin oil field and the oil industry's shift towards investment as the cause of the sharp drop.

The Elgin shutdown was a "one-off event", according to First Minister Alex Salmond, who said he does not expect unplanned stoppages every year.

Scotland's deficit is -5.9%. The UK ran a deficit of -5.8% in the same period after lagging behind Scotland in recent years, Gers figures show.

Arts and Entertainment

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.


Have you got a story?

Contact the news desk on 0141 302 6520 or email
A weekly round up of social highlights

A weekly round up of social highlights

Cat's Eyes on Glasgow

I try Glasgow’s new Italians Gusto and La Favorita




Gail’s Gab

Gail’s Gab

Gail Sheridan is a mother-of-one and wife to Tommy and she likes to get political with the hot topic of the week in her column Gail’s Gab.

Michelle McManus

Michelle McManus

Sussed in the City

I’ve taken on the role of the latest fairy book princess

Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.