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."

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'."

165% Increase In Demand For Large Industrial Space In Scotland

"Take-up of large industrial and logistics space hit a record high in the first half of 2020 despite the pandemic, according to real estate firm Savills. The firm’s latest Big Shed Briefing reports leases of properties of more than 100,000 sq ft totalled 704,531 sq ft across four transactions. That was a 165% increase on the long-term first half average and 95% increase on the first half of 2019."

Scotland Out Performs All Of Europe On Inward Investment

"In Insider today:

Foreign direct investment in Scotland’s financial services sector increased last year as it shrank for the UK and Europe overall. Scotland was the UK’s second most attractive location for financial services FDI in 2019 for the seventh year in a row, increasing its share from 6.3% in 2018 to 8.1%. The latest EY UK Attractiveness Report for Financial Services 2020 reports that while London secured more financial services FDI projects, the eight launched in Scotland last year, created 2,911 jobs – more than three times that of London and more than half the UK total."