I'd agree with Bromptonaut's post - that it's not all win.

The Scots must be somewhat pleased that they didn't vote for independence, especially if the oil price crashes to $10/barrel. The UK is still an oil producer in this mad market. This might be good for the consumer in the short term, but I can't help thinking there's going to be a shock rise in the near future.

But of course, to the SNP the loss of revenue from North Sea oil during this price slump is a Westminster problem - it's only "Scotland's oil" if the oil price is high !!!

Some private pension rises, mine and others are calculated from the January figures.

So nothing to do with the government.

I doubt it's making much difference to the Chancellor as the fuel duty is a fixed amount per litre. The only thing which will reduce is the VAT take from fuel sales, which is relatively minor in comparison - and they charge VAT on the duty itself anyway so I won't be playing any violins for them.

I think the Government rakes in something like £25billion from fuel duty a year and that won't change. Even if oil got so cheap it was free and the retailer did it for nothing, the stuff would still cost at least 70p a litre.