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
Michelle McManus

Michelle McManus

Sussed in the City

I don’t think I’ve uttered the words “no, he’s not a stripper we’ve hired so put him down.




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.

Games news:

Putting the world to rights

Gail's Gab

My thoughts after Police Scotland are ordered to apologise over IRA interrogation techniques slur.

Cat’s Eyes on Glasgow

Cat’s Eyes on Glasgow

Cat Cubie’s job is to find and share with you the fabulous things the city has to offer, from gigs to gastro.