Andrew Neil and Nicola Sturgeon
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Nicola Sturgeon says economy can withstand oil loss challenge

Nicola Sturgeon has said Scotland's economy is strong enough to withstand the drop in revenue from North Sea oil and will be boosted by the growth in onshore.

Falling oil prices were reflected in the latest Government Expenditure and Revenue Scotland (GERS) figures, published on Wednesday, which showed a deficit in the nation's balance sheet of almost £15bn.

Speaking on Sunday Politics, the first minister refuted claims that it is the size of Scotland's deficit, currently nearly twice that of the UK's, which is cause for concern and insisted that the economy is strong enough to withstand the loss of oil revenue.

  • 13 Mar 2016