The Scottish Government Economic Advisory Group report has been criticised for being light on specifics. Tim Bell draws on a far older model for building a new order.
“This lack of economic engagement by senior SNP Ministers remains a weakness for the independence message on the economy. Such a policy vacuum in a key area of the independence debate may be manageable when minds are focussed elsewhere but if a Second Referendum were to become a reality then it would soon turn into a significant weak point in the pro-independence argument.”
After questioning economic orthodoxy in his two previous articles, the author asks whether Scotland can deal with the ‘new normal’ and asks commentators/analysts to join nin the discussion.
‘Overall, a combination of : the pandemic lockdown; the existing post financial crisis slowdown, in both absolute and relative (to the UK) terms; and another looming North Sea slowdown, means that Scotland’s economic prospects are far from bright.’
The Scottish Government has yet another new group of economic advisers (on the recovery): it should think more about practical delivery of any new policy ideas, says FAI.
The money could be better spent – in good sardonic style, Fraser of Allender lists the reasons for not wasting time on ‘a cracking idea’.
‘Without fundamental change in the way we produce data in Scotland, we may find ourselves reheating old data to try to answer new policy questions’: the case for an independent Scottish Statistics Agency (Pt 1)
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)
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.
‘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.’