“The energy transition does have to happen, oil and gas will decline, and policymakers must look to see how investment can be unlocked in these new technologies to ensure the transition happens in a way that protects workers and communities.”
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.”
Treasury gives Holyrood more fiscal leeway
The Fiscal Framework behind the Scottish Budget has finally been updated, giving the Scottish Government greater leeway when it comes to tax and spend poli
How sustainable are Scottish tax and spend policies?
“under current Scottish and UK fiscal policies, if public services in Scotland are to continue to be delivered as they are today, Scottish Government spending over the next 50 years will exceed the estimated funding available by an average of 1.7% each year.”
GERS 2020-2021: time for honest debate
“today’s numbers set the starting point for a discussion about the choices and challenges that need to be addressed by those advocating independence or new fiscal arrangements. 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.”