“The report, the launch, the minutes of the Advisory Council meetings – all point to a ‘just get it done and get it out’ approach. And as with previous, failed, economic strategies it will go through various hoops of progress reports and ‘accountability’ that are underplayed and soon forgotten. But without anyone taking real ownership, without a genuine attempt to identify and plan a way forward, little will change.”
Economy
Why ejecting Russia from Swift is largely symbolic
‘It is conceivable that all this could lead to a rapid collapse of the Putin autocracy, but we should not engage in wishful thinking. Wide-ranging economic sanctions on Russia may be needed for a lengthy period of time. Ejection from Swift is a symbol of these efforts, not a powerful economic tool that can constrain Russia’s actions in Ukraine at little cost to ourselves.’
What are Scotland’s real choices?
‘Clearly the political and institutional landscape has changed dramatically since 2014. One inescapable fact about any future debate on the economic case for Scottish independence is that the terrain – by which we mean the political, economic, social and cultural context – has shifted significantly.’
From Big Oil to Big Wind
“Challenges lie ahead. But one major difference between Big Oil and Big Wind is that the latter has the potential to help rescue the planet from the climate emergency.”
A brief note on wind and hot air
“So while the first steps towards mass exploitation of the North Sea offshore wind power at industrial scale have been taken, the socioeconomic wrangling as to who will actually benefit from this mass infrastructure is likely only just beginning.”
Time to shake up Scotland
“…now would be a good time to shake things up even further. Who will make that happen? I expect little from the Government or the Parliament, it’ll be for others to push for change..”
Year of the Squeeze
“For all the talk of the pandemic (somehow) boosting worker power, it looks more likely to deliver the third real wage squeeze in a decade, and to leave workers substantially worse off than they would have been otherwise. By the end of 2024, average earnings are set to be £740 a year lower than they would have been if even the sluggish wage growth prior to the pandemic had continued.”
Why is inflation at its highest for decades?
As UK inflation hits a 10-year high of 5.1%, a leading Scottish economist asks why global prices are rising so fast – and what central banks must now do.
A Labour-SNP coalition is the answer to gridlock
“What Scotland needs is something similar: a Scottish Labour-SNP pact – probably after 2024 or 2026 – with or without the Greens to deliver social and economic modernisation, including the just transition, digital transformation and local government reform, plus constitutional change.”
Time for the SNP to get serious
“The issues are whether and how an independent Scotland would make the transition, at what cost, paid for by whom, over how long and, crucially, what policies would be needed to get to a position where people are at least no worse off. These are not insurmountable but they are challenging. But the SNP, as the main advocates of independence, does not appear up to the challenge.”