dgp4indy

Economics/Finance

The London Productivity Miracle Is An Illusion

"At a quick glance it looks like a London job adds almost exactly three times as much value to the UK economy as a whole as a South Scotland job. And let's be honest, a quick glance is often taken as plenty to dismiss the economics of independence in the media. But there is a problem, which is that the 'agglomeration effect' is measured without any reference to the many other factors which influence GVA. The Sheffield University report strips those factors out one by one to assess what like-for-like productivity would be."
https://www.commonspace.scot

The Scottish National Investment Bank Takes Another Step Forward

"Scotland's economy needs investment. Our business sector needs patient, supportive finance. The UK banking sector has failed to create a heathy investment environment for the Scottish economy and so now we need a public alternative. A Scottish National Investment Bank will be a bank driven by a public-benefit mission, not by maximising profit at the expense of customers."
https://www.commonspace.scot

8% Of The UK Population But 84% Of The New Tree Planting

Now, reported in the Independence City Courier today: ‘Scotland has surpassed its targets for planting more trees across the country, official figures show. According to Scottish Government statistics, 11,200 hectares of new planting was undertaken in Scotland last year – above the current annual target of 10,000 hectares. The number of trees planted in Scotland also represents a total of 84% of all new planting across the UK.’
https://thoughtcontrolscotland.com

Scottish Help To Buy Scheme Better Than In Rest Of UK?

From Scottish Housing News yesterday: ‘Scottish Help to Buy figures ‘highlight potential for disparity’ with rest of UK. News of the success of the Scottish Government’s Help to Buy shared equity scheme has been welcomed by Homes for Scotland (HFS) but the trade body has emphasised the importance of maintaining a level playing field across the border. New figures published yesterday revealed that more than 30,000 households have been helped to buy their home through Scottish Government support schemes since 2007. The details show that, over the last three years, more than 7,000 households have been able to purchase a new build home with just a 5% deposit. They also reveal that the number of First Time Buyers using the scheme has increased to over 80% and that the number of purchasers who had previously been living with parents or relatives had risen to 45%.’
https://thoughtcontrolscotland.com

Growth Of Scottish Economy Overtakes That Of UK

From  Insider, yesterday: "The rate of growth in the Scottish economy has overtaken that of the UK, according to official statistics. Figures published on Wednesday show that in the fourth quarter of last year, Scotland’s GDP rose by 0.3%. It is above the GDP growth for the UK over the same period, which was 0.2%. The value of Scotland’s GDP is estimated at £178.6 billion, or £32,800 per person, including oil and gas extraction in Scottish waters. Analysis suggests the most influential industry sector in Scotland last year was in manufacturing, with output increasing by 3.2% in total. On average, over the three years from 2015 to 2017, Scottish GDP has grown by 0.8% a year. The growth in 2018 (1.3%) is higher than the recent average growth rate, indicating an improvement in the economy."
https://thoughtcontrolscotland.com