Scotland 'could have £1 trillion wealth fund if not for Westminster', analysis finds

Scotland could have an oil fund worth hundreds of billions if Westminster had managed it differently, according to new analysis (Image: Archive)

SCOTLAND would be “sitting on a £1 trillion pot” if Westminster had handled the country’s North Sea oil wealth differently, according to new analysis.

The SNP used figures dating back thirty years to work out how much could have been in a Scottish sovereign wealth fund if the UK Government had managed North Sea revenues in the same way as Norway.