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Promoted by Richard Lochhead at Moray Constituency Office, 80 South Street, Elgin, Moray, IV30 1JG
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RT @MorayLaura: Pleased that Health Secretary @AConstance23 reaffirmed the SNP Government’s commitment to a consultant-led maternity servic…
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Richard Lochhead retweeted
In 2022 we climbed Kilimanjaro to raise funds for a memorial garden in Cornhill for my brother Andrew. This is a plea for a local business or businesses to help us finally deliver this fabulous project 👇
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Richard Lochhead retweeted
Norway and the UK drilled the same North Sea.
🇳🇴Norway got $2 trillion.
🇬🇧The UK got tax cuts.
Same basin,Same era.... Completely different outcomes.
Norway captured $30 per barrel in government revenue. The UK captured $11.
That gap, compounded over 50 years of re difference.
Norway's model was simple: tax heavily (78% marginal rate), take direct equity stakes in fields via the SDFI, own part of Equinor, and put everything surplus into a fund invested abroad.
The Government Pension Fund Global now holds over $2 trillion in assets.
That's $390,000 per Norwegian citizen about 1.5% of all listed equities on earth.
The fiscal rule: only spend the 3% annual real return. Never touch the principal.
The UK started producing earlier, at lower prices, with a lower tax rate (40%) and no saving mechanism.
North Sea revenues flowed straight into the general budget.
Economists estimate the UK missed out on roughly £400 billion compared to a Norwegian style regime.
The windfall largely financed tax cuts in the 1980s rather than a fund.
Where things stand in 2026?
Norway's petroleum sector will generate $63 bn in net cash flow this year alone feeding a fund already large enough to cover 10-15% of the national budget from returns alone.
The UK is a net energy importer.
Since 2021 it has paid countries like Norway more than £100 billion for gas.
One country treated oil as a finite resource to convert into permanent financial wealth.
The other treated it as income.
image source:eia
🇳🇴Norway got $2 trillion.
🇬🇧The UK got tax cuts.
Same basin,Same era.... Completely different outcomes.
Norway captured $30 per barrel in government revenue. The UK captured $11.
That gap, compounded over 50 years of re difference.
Norway's model was simple: tax heavily (78% marginal rate), take direct equity stakes in fields via the SDFI, own part of Equinor, and put everything surplus into a fund invested abroad.
The Government Pension Fund Global now holds over $2 trillion in assets.
That's $390,000 per Norwegian citizen about 1.5% of all listed equities on earth.
The fiscal rule: only spend the 3% annual real return. Never touch the principal.
The UK started producing earlier, at lower prices, with a lower tax rate (40%) and no saving mechanism.
North Sea revenues flowed straight into the general budget.
Economists estimate the UK missed out on roughly £400 billion compared to a Norwegian style regime.
The windfall largely financed tax cuts in the 1980s rather than a fund.
Where things stand in 2026?
Norway's petroleum sector will generate $63 bn in net cash flow this year alone feeding a fund already large enough to cover 10-15% of the national budget from returns alone.
The UK is a net energy importer.
Since 2021 it has paid countries like Norway more than £100 billion for gas.
One country treated oil as a finite resource to convert into permanent financial wealth.
The other treated it as income.
image source:eia
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Richard Lochhead retweeted
SNP MSP Laura Mitchell has paid tribute to the Clavie of Burghead during her affirmation to parliament
The Moray MSP held a stave of the tar-soaked wooden barrel which was carried up to Doorie Hill and burned on January 11
The Moray MSP held a stave of the tar-soaked wooden barrel which was carried up to Doorie Hill and burned on January 11
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Richard Lochhead retweeted
The SNP MP for Moray, Laura Mitchell, took her oath of allegiance while holding a charred stave from the Burning of the Clavie.
The Clavie, a burning tar barrel carried through the town of Burghead every January 11th according to the old Julian calendar, is one of Scotland's customs.
Fragments of the charred barrel are traditionally kept as good luck charms 👇
The Clavie, a burning tar barrel carried through the town of Burghead every January 11th according to the old Julian calendar, is one of Scotland's customs.
Fragments of the charred barrel are traditionally kept as good luck charms 👇
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RT @MorayLaura: An absolute privilege to follow in the footsteps of @RichardLochhead to represent the best constituency in Scotland.
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My new MSP @MorayLaura stopped by to say hello!
I couldn’t be more proud of my successor and the people of Moray! @theSNP
I couldn’t be more proud of my successor and the people of Moray! @theSNP
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RT @MorayLaura: What better way to spend eve of poll day than in beautiful Speyside!
I love Moray and really hope you’ll put your trust in…
I love Moray and really hope you’ll put your trust in…
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RT @MorayLaura: Great news for Scotch and for Speyside. 🥃
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The IMF are predicting that Ireland will be Europe’s richest country by 2030 surpassing Luxembourg.
Closely followed by Norway, Switzerland and Denmark.
Closely followed by Norway, Switzerland and Denmark.
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Richard Lochhead retweeted
It's no surprise that no-one has put their name to this disgraceful piece of propaganda posing as history. Who wrote it @ScotRail ? It's perfectly possible to write Scottish history honestly and have a range of political opinions, but this is presentist claptrap.
In the waiting room at Gleneagles Station, there are a series of boards with Scottish ‘history’. Read the Bannockburn ‘myth’, @ScotRail. Utter lies, totally cringeworthy.
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Richard Lochhead retweeted
Another wee clip from my chat with Stuart Cosgrove. It was my love for animals that led me into farming,being appointed Minister for Agriculture and Connectivity let me play my part in ensuring rural communities are properly represented. If re-elected I hope 2 continue doing so
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Richard Lochhead retweeted
Lord Offord and Nigel Farage are trying to spread their poison in Scotland. I will have absolutely none of it.
We are focused on what actually matters - helping with the cost of living, improving our NHS and treating all people with dignity.
We are focused on what actually matters - helping with the cost of living, improving our NHS and treating all people with dignity.
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Richard Lochhead retweeted
Just when you thought things couldn’t get worse for Anas Sarwar and Scottish Labour he is exposed on public television for approaching Reform UK ‘to work together to remove the SNP‘. Watch this from tonight‘s @Channel4 debate. Pls share!
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Labour just don’t get Scotland.
So Scotland can’t have an Indy ref because of the consistent chaos we get to experience being part of the UK?
Anyway, the people of Scotland will decide their own future not Wes Streeting.
So Scotland can’t have an Indy ref because of the consistent chaos we get to experience being part of the UK?
Anyway, the people of Scotland will decide their own future not Wes Streeting.
"The country has had enough of chaos!"
Wes Streeting rules out Scottish independence, telling @lewis_goodall that there will be no fresh referendum even if the SNP get a majority.
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Richard Lochhead retweeted
The Tartan Army are the greatest supporters in the world, and have waited almost 30 years for the World Cup. They should not be priced out by dynamic ticket pricing.
I’ve written to FIFA to urge fairer and more affordable prices. Football should be about fans, not finances.
I’ve written to FIFA to urge fairer and more affordable prices. Football should be about fans, not finances.
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Richard Lochhead retweeted
Reform candidate standing against Tory MSP boss after refusing to quit office job northern-scot.co.uk/news/reform-ca…
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