‘The economic statistics published by the SG tend to pick out relevant data from UK-wide surveys and administrative data. This approach needs to change if Scotland is to generate a more reliable, relevant and holistic evidence base of its performance from which to base its future economic vision and objectives.’
‘Without fundamental change in the way we produce data in Scotland, we may find ourselves reheating old data to try to answer new policy questions’: the case for an independent Scottish Statistics Agency (Pt 1)
‘Decarbonisation should be promoted and adopted as a national mission (for Scotland),’ says the author, but this requires a change of institutional mind-set to deliver the full benefits of a net-zero carbon economy. (Part 2 of 2).
In the first of a new series on Scotland’s Economic Future: Disruptive Ideas, Robert Pollock argues for profound institutional change – drawing on (bitter) lessons from the wind industry. Part 2 follows (see below)
The resignation of finance secretary Derek Mackay overshadowed the fourth budget of this parliamentary term, which has led to a healthy increase in the resources available to the Scottish Government. How does it propose to spend this money?
Fraser of Allander identifies key points
Nicola Sturgeon wants to measure Scotland’s economic success by wellbeing/quality of life, not just GDP. But where’s the beef? The Scottish Budget in February will be the test of what lies behind the rhetoric.
‘Hence a policy framed as supporting ‘middle earners’ predominantly benefits households at the top of the distribution of household income.’
‘The ruin of the City of Glasgow Bank was the biggest collapse in British banking history – until 2008. Its story contains salutary lessons for bankers in any age…
‘It will simply not be sufficient for the UK Government to highlight risks with independence. The status quo itself has important policy challenges, whether that be the economic costs of leaving the EU Single Market or the economic effect of limits on immigration.’
Immigration is not the salient issue in GE2019 it was in GE2017 but Scotland’s need for significant net migration is stronger than ever – as Jonathan Portes and Graeme Roy discuss separately here.