‘All of these assumptions are necessarily educated guesswork. Add all the ‘worst case’ scenarios for each of these elements and you end up with an economy that shrinks by an eye-watering £11bn figure.’
‘Fiscal responsibility is the flip side of fiscal autonomy. Those who argue for more money from the Scottish Government without proposing new powers for local government to raise own revenue are also playing a blame game.’ First in a series on centralisation/local autonomy
Looking to 2019, with more renewable capacity being installed, it is possible that solar could overtake coal, and renewables could generate more than nuclear for every single month. They could also generate more than coal and gas combined over a month for the first ever time.
A key aim of the Smith Commission was to improve accountability and make Scotland’s politicians responsible for the money that they spent. Unfortunately rather than helping to deliver this aim, the current proposals for VAT assignment risk undermining that principle.
Inequality in Scotland is on the rise. “It seems likely that more radical changes, such as significant redistribution of income, labour market reforms and major investment in deprived areas, would be needed to bring Scottish inequality close to Nordic levels.”
‘ It is difficult to escape the conclusion that the effects of a chaotic Brexit would be much worse for poorer Scots, who spend more of their income on goods that will attract higher tariffs post-Brexit.’
To mark the tenth anniversary of the financial crisis, Sceptical Scot’s new series focuses on home-made follies; the extraordinary mistakes made by two once revered and typically prudent Scottish institutions: the Bank of Scotland and the Royal Bank of Scotland.
Home-grown innovation: Scotland’s first vertical farm is applying for Tay City Deal funding to turn an exciting local project into a global resource to feed – and change – the world in new ways.
Where will the money come from? Who invests in Scotland’s chance to be a world-leader in ‘vertical farming’. Key questions add to the urgency and excitement in the huge potential growing inside a small shed on the edge of Dundee.
‘The UK Government needs to take more ownership for the perceived troubles of the Scottish deficit because it is clearly responsible for many of the revenue and spending decisions that have got us to where we are…’