‘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.’
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…
The Ironworks is an essential part of local culture and a vital asset to the Highlands. In fact in a small country we would all be poorer without it says Dougal Perman of Scottish Music Industry Association
‘Although lying mid-table, Scotland can still be viewed as a relatively prosperous OECD nation. This ranking is likely to apply regardless of whether Scotland is part of the UK or independent. However, independence would still pose questions over how to reduce Scotland’s relatively large fiscal deficit.’