Category: Economy
MSPs miss the bigger picture
MSPs on finance committee debate the Scottish Budget: ‘Coming in the midst of the parliament’s 20th anniversary celebrations, this was not a good advert for parliamentary effectiveness in holding the government to account’.
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A £1bn Scottish budget shortfall?
‘But what can be said with certainty, if these forecasts are correct, is that the amount of money that the government had planned to have at their disposal – all other factors remaining equal – will be much smaller’.
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What does the recent failure to improve Scotland’s productivity ranking tell us?
‘All in all, great care needs to be applied when making judgments comparing national productivity levels. As a result, choosing a shift in international rankings as a government policy target is probably unwise.’
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Indyref2 and the economic fundamentals
‘Underlying (onshore) economic and fiscal fundamentals are little different now to at the time of the first referendum. Economic debate around any second referendum is therefore likely to concentrate on: productivity growth prospects; how to narrow Scotland’s fiscal deficit; and how to improve the Current Account.’
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Scotland needs its own currency
‘Post-independence, your plan makes as much political and economic sense as unilaterally adopting changes to the financial regulations of Singapore.’
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