For more than 30 years, life on Shetland has been sweet. Residents enjoy state of the art leisure centres, smooth roads and luxurious old people’s homes the envy of every other islander in Scotland.
Thanks to a unique deal brokered in 1973 over the building of the Sullom Voe oil terminal, life on Britain’s most northerly and weather-battered island group has been cushioned by an oil fund. For every barrel, Shetland levied a small fee: £200m has been spent improving the . . .

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