TheUnion dividend is a term used byBritish unionists to describe the financial benefits which they believe thatScotland,Wales andNorthern Ireland derive from being countries of theUnited Kingdom. Politicians who argue for the existence of a Union dividend includeTony Blair,[1]Gordon Brown,[2]Jim Murphy,[3]Ian Davidson,[4]Jack McConnell,[5][6]Wendy Alexander,[7]Iain Gray[3] andJackie Baillie.[8]
The idea saw increased discussion in the leadup to the2014 Scottish independence referendum. In May 2014, the UK Government said in an analysis paper that there was a "UK dividend" worth £1,400 to each person in Scotland.[9] This estimate was mainly based upon there being higher public spending in Scotland.[9] The Scottish Government said that Scots would be £1,000 better off by 2030 if Scotland became an independent state, due to greater productivity and higher tax revenues.[9] The difference between the two figures was mainly due to differing forecasts of revenue fromNorth Sea oil.[10]