Economy
Swinney should use his fiscal powers to the full: Update
“But there are also flexibilities that the Deputy First Minister has for the next financial year that were not available to him for this year – the Scottish Government does have tax powers that could…
The left must abandon high tax policies
“The left should opt for an eco-fiscal policy, designed to dismantle rentier capitalism. It should accept that high progressive income tax is out of date. It should make clear that income and consumption taxes are…
Scotland deserves better than two bad choices
The latest Building a New Scotland paper on the economy is being roasted – including by informed nationalists. Here a prominent unionist dissects a weak case. “Doubtless the SNP will argue all this is “Project…
The ‘markets’ ease the return to economic reality
“But there may be a silver lining here. This may be a wake-up call that populist policies need to pass the credibility test when it comes to foreign exchange and bond markets,” writes economist and…
Fantasy economics: alive and well on both sides of the border
“Where Scotland differs (from the UK) the most is in its lack of engagement on economic issues. If this continues then the £1.5 billion (fiscal) shortfall will continue to grow and taxes will continue to…
Going for growth – or broke?
The new UK Chancellor has set out his radical fiscal plans – and prompted a sterling crisis. The situation is so grave, not least for Scotland, it merits a return from us in the interests…
Strategy for going everywhere and nowhere
“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…
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…
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…
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…
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…