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Sceptical Scot

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scottish economy

Swinney should use his fiscal powers to the full: Update

December 12, 2022 by Fraser of Allander Institute Leave a Comment

“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 be used, if he wishes, to raise more revenue.” FAI sets the scene for Thursday’s Scottish Budget

A monetary straitjacket: Scottish Government economic plan for independence

November 3, 2022 by Ben Wray Leave a Comment

“A Scottish currency is no guarantee that independence would see the country’s deeply embedded economic problems tackled. A monetarily sovereign independent government would still be perfectly capable of chronic mismanagement. But to have an independent country with a fighting chance of making even partial economic and social progress, monetary sovereignty is a pre-requisite. Another Scotland is still possible.”

Fantasy economics: alive and well on both sides of the border

October 8, 2022 by John McLaren 1 Comment

“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 rise to compensate. Surely no-one wants this but then why does no one take it seriously?” asks John McLaren in his latest acute commentary on the state of the Scottish economy.

Going for growth – or broke?

September 26, 2022 by Fraser of Allander Institute Leave a Comment

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 of a wider public policy debate. Here we republish commentary from the FAI – and expect to run further contributions this autumn.

Strategy for going everywhere and nowhere

March 5, 2022 by John McLaren 4 Comments

“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 through various hoops of progress reports and ‘accountability’ that are underplayed and soon forgotten. But without anyone taking real ownership, without a genuine attempt to identify and plan a way forward, little will change.”

What are Scotland’s real choices?

February 27, 2022 by Andrew Cumbers Sheila Dow and Robert McMaster Leave a Comment

‘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 political, economic, social and cultural context – has shifted significantly.’

Kate’s budget blues

December 7, 2021 by David Eiser Leave a Comment

“A core resource block grant in 2022/23 that is 8% higher than pre-pandemic might sound generous, but to deal with the pandemic’s legacy and underlying public services pressures it is anything but. In this context, Kate Forbes’ third budget may well be her most challenging.”

GERS 2020-2021: time for honest debate

August 18, 2021 by Mairi Spowage 4 Comments

“today’s numbers set the starting point for a discussion about the choices and challenges that need to be addressed by those advocating independence or new fiscal arrangements. It is not enough to say ‘everything will be fine’ or ‘look at this country, they can run a sensible fiscal balance so why can’t Scotland?’. Concrete proposals and ideas are needed.”

#SP2021: it’s the economy…

May 2, 2021 by David Eiser Leave a Comment

“The manifestos have fallen short on the level of financial detail behind their plans.” And so has the debate. Parties need to be more transparent about their fiscal options…

Radical change needed to boost Scotland’s economy

April 11, 2021 by Sir Tom Hunter Leave a Comment

In a special guest blog, Sir Tom Hunter, whose eponymous Foundation commissioned the recent Raising Scotland’s Economic Growth Rate report from Oxford Economics, underlines how Scotland’s economy lags behind and needs radical change to catch up and rediscover its innovative dynamism.

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What’s new on Sceptical Scot

  • Can Scotland enjoy a ‘velvet divorce’ from UK? January 11, 2023
  • Should Wales leave the UK? December 16, 2022
  • Swinney should use his fiscal powers to the full: Update December 12, 2022
  • The SNP’s new fundamentalism December 6, 2022
  • A voluntary union with no exit? November 25, 2022
  • Unhelpful clarifications on #indyref2 November 24, 2022
  • It’s time to talk to the neighbours November 21, 2022
  • A monetary straitjacket: Scottish Government economic plan for independence November 3, 2022
  • Can muscular unionism save the Union? November 3, 2022
  • The left must abandon high tax policies October 25, 2022

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