AN independent Scotland may become the “Saudi Arabia of Europe” due to the huge amount of natural resources available to the nation, Professor Richard Murphy has said.

The professor of international political economy made the comments on this week’s edition of the Wee Ginger Dugcast.

Murphy was invited on to talk about “GERSmas”, “the day when all the British nationalists in Scotland celebrate the supposed poverty of Scotland and send one another pretty coloured graphs”.

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The professor explains why “every single figure you look at [in GERS] is biased against Scotland”, adding that it “is CRAP – Completely Rubbish APproximations”.

Murphy explains how he first got interested in the annual figures, because of his interest in the way that numbers can be used to construct a political narrative.

GERS looks at government income in Scotland but government expenditure for Scotland. This is not comparing like with like.

Murphy explains how this serves a political purpose, and ultimately that: “What the government in Scotland should be doing is actually saying ‘how can we improve this’, or ‘do we just ditch it?’”

It all makes for fascinating listening.