Economic forecasts 'pie in the sky'

Press Association
National flag of Scotland
National flag of Scotland

Scottish Government forecasts on the economy of an independent Scotland are "pie in the sky" and have been drawn up on the "back of a fag packet", the Chief Secretary to the Treasury has claimed.

Danny Alexander said the economic arguments from the Scottish Government for leaving the UK were based on "massively optimistic" projections about the amount of cash that could be raised from North Sea oil and gas.