Economy

Swinney must move beyond old orthodoxies
Scotland cannot transform its economy using the policy playbook from the 1990s, argues this leading economic commentator/analyst. It needs a huge injection of low-carbon investment (and more) to meet net zero and make the just…

Sunak’s day of two (poor) speeches
Bring on the election and put us out of our misery, urges one of our regular columnists in a partially updated piece written before this week’s UK Budget which has apparently failed to turn the…

Starmer can’t afford to be cautious
Labour “is caught between the public policy need for bolder action and an even more sober presentational approach than that of 1997. Bold policies are not incompatible with sober campaigning. But sober campaigning may not…

Roch the wind: industrial strategy 3 – Scotland and EU
Both the SNP and Scottish Labour are bigging up industrial policy to modernise the economy as a general election issue. Our co-editor argues this won’t work fully outside Europe.

Industrial strategy for Scotland 2
“There’s growing agreement on the need for an industrial strategy in Scotland. The immediate question for the SNP government in Scotland and the next government in London is whether they are prepared to expend the…

Scottish economy outperforming the UK but for how long?
Looking forward to the Scottish Budget on Dec 19, the FAI says: “With monetary policy determined at UK level and little in the way of manoeuvre on its own fiscal stance, the Deputy First Minister’s…

What does the Autumn Statement mean for Scotland?
“As these are devolved matters, the Scottish Government receives this funding but is under no obligation to match the policies announced by Westminster. For example, the retail, hospitality and leisure relief is a repeat of…

What do Humza Yousaf’s new policies mean for Scotland?
“It may be that the process of establishing and issuing the bonds is seen as strengthening the Scottish state in advance of a future independent Scotland. But in a constrained fiscal environment, it will be…

How much will an extra Scottish Income Tax band raise?
An extra band of income tax at the higher rate charged on good earners would raise money for the Scottish exchequer but less than anticipated…

What’s in the new Programme for Government? Look in the long grass
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?

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…

