‘Decarbonisation should be promoted and adopted as a national mission (for Scotland),’ says the author, but this requires a change of institutional mind-set to deliver the full benefits of a net-zero carbon economy. (Part 2 of 2).
In the first of a new series on Scotland’s Economic Future: Disruptive Ideas, Robert Pollock argues for profound institutional change – drawing on (bitter) lessons from the wind industry. Part 2 follows (see below)
The resignation of finance secretary Derek Mackay overshadowed the fourth budget of this parliamentary term, which has led to a healthy increase in the resources available to the Scottish Government. How does it propose to spend this money?
Fraser of Allander identifies key points
Nicola Sturgeon wants to measure Scotland’s economic success by wellbeing/quality of life, not just GDP. But where’s the beef? The Scottish Budget in February will be the test of what lies behind the rhetoric.
‘Hence a policy framed as supporting ‘middle earners’ predominantly benefits households at the top of the distribution of household income.’
‘The ruin of the City of Glasgow Bank was the biggest collapse in British banking history – until 2008. Its story contains salutary lessons for bankers in any age…
‘It will simply not be sufficient for the UK Government to highlight risks with independence. The status quo itself has important policy challenges, whether that be the economic costs of leaving the EU Single Market or the economic effect of limits on immigration.’
Immigration is not the salient issue in GE2019 it was in GE2017 but Scotland’s need for significant net migration is stronger than ever – as Jonathan Portes and Graeme Roy discuss separately here.
The Scottish Budget was due on December 12, #GE2019 day, but will almost certainly be pulled until after the UK Budget is presented early next year on the back of wild spending promises. Even pre-Brexit the Scottish outlook is more than unusually uncertain…
Ken Loach’s new film shows how: ‘All of us – the public who rely on the services of the gig economy just as much as the politicians who proclaim its virtues – need to wake up to the reality that, in this instance, “flexibility” is just another word for exploitation.’