“Through an official government news release, Scotland’s Finance Secretary has created a false narrative which has now become an outright falsehood being promoted by SNP activists on social media. This should concern anybody interested in the problem of misinformation in political debate.”
Economy
Independence, GERS and how not to have a debate
“If the fiscal shortfall were only a few billion then fair enough, it’s not that important and we can deal with it when it arises, but not when it’s around £14-18bn. Facing up to it post-independence, when no real thought has gone into how it might be achieved, would be a massive challenge and potentially highly divisive across society.”
GERS 25: making Scotland pay for Starmer’s wars
The latest Government Expenditure and Revenue Scotland report, GERS, came out this week. Within it lies a fiscal trap that will hit Scotland in future years as the UK ramps up spending on the military.
Higher budget deficit driven by devolved spending
The estimates of Scotland’s net fiscal balance are out for 2024-25. As we previewed, there was deterioration of the fiscal balance, which is unsurprising given that the UK’s fiscal balance worsened during that year as well. Scotland’s estimated net fiscal balance was estimated to have been -£26 billion, or -12% of GDP, when including a geographical […]
Fiscal challenges for the Scottish Government, Pt 96
The new Medium Term Financial Strategy from the Scottish Government sets the scene for the upcoming Scottish Budget in December and marks a step forward in providing fiscal detail
The spending rollercoaster is well and truly back
The Scottish Government says it and Scotland have been “short-changed” by Rachel Reeves but what does the Spending Review mean for us really?
Scottish paradox: a £704m boom on a foundation of sand
“The most striking disparity is gender. For every £100 of investment capital distributed in Scotland last year, a colossal £87 was captured by businesses run by men, who secured 75% of all deals….The disparities highlighted in this report, particularly the concentration of capital in a handful of typically male-led, later-stage ventures and urban centres, risk stifling the very dynamism a healthy start-up ecosystem depends on.”
Are Scotland’s ferries too cheap?
Subsidising tourists to ship their vehicles to the isles is not a good use of public funds
More green energy jobs
“Policymakers must continue to focus on creating competitive conditions for renewable energy to ensure we reap the economic benefits of the energy transition.”
What tighter immigration controls mean for Scotland
“The Scottish Government faces a tight fiscal environment. These reforms may pose additional challenges to the Scottish economy without offering much in the way of solutions.”