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?
Economy
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.”
Let’s make interest rates zero – permanently
“The idea of permanent zero rates is far outside the mainstream of economic thinking. But perhaps (Joan) Robinson was right to suggest it as a viable compromise between capitalism and more radical alternatives: rewarding entrepreneurship without compounding inequality or incentivising the unsustainable use of resources. At a time like this, it’s an old idea well worth considering.”
Ukraine’s recovery will ‘take a village’ of international actors
“Ukraine is now making unimaginable human and economic sacrifices in its commitment to Europe. Helping the country fully to recover and become an EU member state will serve as a geo-strategic investment in the sustainable security and economic performance of the continent.”
Time up for Scotland’s hereditary landowners?
“There are some areas where communities have been helped to buy the land they live on. But Scotland still has the most inequitable land ownership in the developed world. This month, the Scottish Government issued a consultation paper suggesting that a public interest principle should be applied when large estates change hands…”
Glasgow’s LEZ kills off Sylvia
Glasgow, with low car ownership, has inaugurated its low emission zone so how have drivers and pedestrians for that matter reacted? Surprisingly positively finds Jackie Kemp.
Plotting Scotland’s unsettled future
“There is no question that leaving the EU will leave our economy smaller and less successful than would otherwise have been the case. But rather than dwelling on this ‘borrowed future’, we need to have consensus on how to move forward. That consensus can be especially hard to find when politics in Scotland is often binary and confrontational in nature….”
Forget the tough talk and flag waving, Labour
“The people in lost constituencies want Starmer’s Labour to spend more, not less, than New Labour. This is the most significant aspect of “red-wall sentiment”, and yet the one Starmer seems reluctant to recognise.”
Why Finland is the world’s happiest country
Memo to @scotgov: “So what can the people of a country do if they want to be happier? The most important thing is to elect governments that will ensure the country becomes more equal by income. After that, ensuring your social services – school, housing and healthcare – are efficient and equitable matters most.”