dgp4indy

Economics/Finance

The Accounting Trick That Hides Scotland's Wealth

"Every Westminster Government in your lifetime has knowingly diverted tens of billions of pounds of Scottish revenues to Westminster. This has led to lower investment in Scotland, higher unemployment, lower economic growth, lower standards of living, economic migration and growing inequality and poverty. All of which would not have been the case if Scotland was an independent country..."
https://www.businessforscotland.com

Scotland's New National Investment Bank

"Scotland will soon have a new bank: The Scottish Investment Bank but it is not the kind of savings bank the we as customers would use on a daily basis. Agreed to by all political parties in the Scottish Parliament on 21st of January 2020, the new bank is about providing investment to stimulate the economy. It also has a strong environmental focus."
https://theorkneynews.scot

GDP Is A Useless Measure Of An Economy

"A country’s GDP is an estimate of the total value of goods and services they produce. But even when the concept was first developed back in the late 1930s, the man behind it, Simon Kuznets, warned it was not a suitable measure of a country’s economic development: “He understood that GDP is not a welfare measure, it is not a measure of how well we are all doing. It counts the things that we’re buying and selling, but it’s quite possible for GDP to go in the opposite direction of welfare"."
https://talkingupscotlandtwo.com

Scotland Outperforms rUK On Jobs

From Insider today: "Permanent job placements in Scotland have risen for the first time in five months in a positive sign for the labour market. The figures in the latest RBS Report on Jobs for November also show Scotland is performing better than the rest of the UK. According to the report, the report’s Permanent Placements Index – which aims to track trends in the number of permanent jobs – rose from 46.3 in October to 50.8 in November."
https://talkingupscotlandtwo.com