dgp4indy

Economics/Finance

Poll - 70% Would Trust Scottish Government To Run The Economy

"Scotland’s economy is run by Westminster and the Conservative Government’s Brexit omni-shambles with its comparatively poor performance in handling COVID-19, including the threat to end the furlough scheme at the end of October regardless of the needs of business, is driving more and more people to believe in Scotland’s ability to manage its own economy. I am tempted to ask how anyone could possibly think it couldn’t?  Brexit and the economic mismanagement of the Westminster Government are the key factors driving support for Scottish independence. The UK was held together in 2014 by economic scaremongering and the promise that the UK would stay in the EU. Brexit has already disproved one of those unionist promises and is now dismantling the economic case for the UK."
https://www.businessforscotland.com

How Do Banks Create Money?

"Modern monetary theory highlights the important role of the government in creating money when it spends. That process makes sure our money has value. But it’s not alone in creating money: banks can do it too. This video explores the implications of that."
https://www.taxresearch.org.uk

Scotland Leads The Way In Productivity

"In the Times today: 'Scotland has enjoyed the greatest rate of growth in productivity among the UK nation’s and regions, according to economists. Researchers suggested that Scotland’s annual average labour productivity had risen by 1.69 per cent between 1998 and 2018. That was ahead of second-placed London, on 1.46 per cent, and was comfortably above the UK average of 1.27 per cent'."
https://talkingupscotlandtwo.com

Scottish Independence Economics

"Richard Murphy’s retort to Andrew Neill (high-paid BBC employee and political campaigner) is worth a fresh look. Currency and debt is a key battleground in the next phase of the democracy movements battle for self-determination. The debate unmasks the stale economic dead-certainties of the British establishment, but also much of the conservative instincts of the SNP. One of the funniest aspects to this is the mismatch of readings. The Unionist analysis (driven by a fair amount of self-conceit) is sure that this is the weakest link in defence against the now resurgent Scottish independence movement. The Scottish Government, still bruised by the encounter in 2014 agrees, but in doing so makes the situation far worse by advocating Sterlingisation.  The Unionist don’t realise what they think their strongest card is actually their weakest. The Scottish Government doesn’t realise what they think is their weakest card is actually their highest. One side is blinded by over-confidence, the other by over-caution."
https://bellacaledonia.org.uk