‘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.’
‘In short, (these) statistics confirm that putting up barriers with our largest international trading partner (EU) is only likely to weaken Scotland’s growth prospects’
‘It is important to remember that GERS takes the current constitutional settlement as given. If the very purpose of independence is to take different choices about the type of economy and society that we live in, then a set of accounts based upon the current constitutional settlement and policy priorities will tell us little about the long-term finances of an independent Scotland.’
“All told, we need much more interest shown by the public on demanding detail about how the government spends our money, and then, most likely, demanding change.” Still true now – a look back at this August 29016 warts-and-all analysis to remind us of the fundamentals.