At the start of general election year a leading Scottish trade unionist and policy wonk reflects on the industrial strategy challenges facing both SNP and Labour.
Economy
Ten predictions for how the EU evolves in 2024
Two experts on EU policy issues look forward to yet another turbulent year in Brussels, Strasbourg, European capitals – and the world…
Scottish economy outperforming the UK but for how long?
Looking forward to the Scottish Budget on Dec 19, the FAI says: “With monetary policy determined at UK level and little in the way of manoeuvre on its own fiscal stance, the Deputy First Minister’s decisions will need to deliver a budget that takes all these constraints into account, and some large parts of her funding are already determined – especially as it pertains to the Block Grant.”
What does the Autumn Statement mean for Scotland?
“As these are devolved matters, the Scottish Government receives this funding but is under no obligation to match the policies announced by Westminster. For example, the retail, hospitality and leisure relief is a repeat of the measure for 2023-24, which the Scottish Government decided not to pass on and spent elsewhere. So this is one to watch out for at next month’s Scottish Budget.”
Cut to the bone. Is this what Scotland’s culture is worth?
“At the end of a year of confusing cuts, un-cuts and renewed cuts, the Scottish Government’s latest pledge is to invest £100m in the cultural sector over the next five years. How widely and how quickly that will be shared is not yet known.” We report on how successive governments starve a sector that’s key to the Scottish economy – and identity.
What do Humza Yousaf’s new policies mean for Scotland?
“It may be that the process of establishing and issuing the bonds is seen as strengthening the Scottish state in advance of a future independent Scotland. But in a constrained fiscal environment, it will be fair to ask whether borrowing in a more expensive way makes sense.”
How much will an extra Scottish Income Tax band raise?
An extra band of income tax at the higher rate charged on good earners would raise money for the Scottish exchequer but less than anticipated…
What’s in the new Programme for Government? Look in the long grass
Humza Yousaf’s first programme for Government kicks several big fiscal and other policy issues into the long grass.So, do we have to wait till the Scottsh Budget likely on December 14?
Energy market reforms must embrace a social tariff
“The cap needs a complete overhaul and Britain ultimately needs to reset how initial consumer prices are determined, so that energy prices better reflect the falling cost of renewable energy. We’ve gone as far as we can with tweaking – something more radical and fully thought out is required to ensure affordable and clean energy for all.”
GERS 2023: uptick in oil revenues narrows the budget deficit
“And here the challenge is stark, with a likely deficit far in excess of the UK as a whole, other comparable countries or that which is deemed to be sustainable in the long-term. It is not enough to say ‘everything will be fine’ or ‘look at this country, they can run a sensible fiscal balance so why can’t Scotland?’. Concrete proposals and ideas are needed.”