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10 key economic facts that prove Scotland will be a wealthy independent nation

10 key economic facts that prove Scotland will be a wealthy independent nation

All the evidence demonstrates that Scotland is a wealthy nation. Scotland would be the 14th wealthiest nation in the developed world by GDP per head of population. Scotland’s wealth is also built on solid financial foundations, a diverse economy and substantial economic potential in new industries such as biotechnology and renewables, as well as current key […]

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Where does Scotland’s wealth go?

Where does Scotland’s wealth go?

Where does Scotland’s wealth go (if it doesn’t stay here)? It’s a simple question but not one often asked, probably as most economics bloggers like myself get bogged down in numbers and over complicate the issue. Data from the UK Government’s Office for National Statistics demonstrates in simple terms the distribution of personal wealth in […]

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The Scottish Economy

How Scotland is powering the renewables revolution

How Scotland is powering the renewables revolution

Scotland remains on track to produce the equivalent of 100% of its electricity consumption from renewable sources by 2020, according to a recent report by WWF Scotland. Powering the renewables revolution The next generation presents a unique business opportunity for Scotland to develop skills, jobs and exports in renewable technology. Scotland’s geographical position on the […]

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Pharmacy shows the way for Scots independence

Pharmacy shows the way for Scots independence

The experience of community pharmacy in Scotland in the past 15 years shows that devolution of this major arm of the healthcare system has yielded far superior results compared to what has happened south of the border. There are five developments that illustrate this: 1. Community pharmacies approach In its first year, the Holyrood parliament passed a […]

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Recent Articles

Victory for Business for Scotland as CBI is forced to register as part of the No Campaign

Victory for Business for Scotland as CBI is forced to register as part of the No Campaign

Breaking News Since Business for Scotland broke this story several CBI members have been telling us they are dismayed or disappointed with the CBI stance.  This press statement has just been released by Aquamarine Power a CBI member that is not a member of Business for Scotland. >>Today (Friday April 18) it has been revealed […]

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Glasgow University Principal warns UK migration policy is bad for Scottish business

Glasgow University Principal warns UK migration policy is bad for Scottish business

| 17/04/2014 | 1 Comment

UK immigration policy is damaging the university sector and business with a message which says, “Don’t come here”, according to Professor Anton  Muscatelli. Yesterday the Principal of the University of Glasgow criticised Westminster’s approach to migration legislation, which is also reported in today’s newspapers. When considering the university’s links across the world, including to the […]

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Independence will improve employee democracy & labour relations

Independence will improve employee democracy & labour relations

| 16/04/2014 | 1 Comment

This week the Scottish Trade Union Congress meets in Dundee for its 117th Annual Congress. The STUC represents over 630,000 trade unionists across Scotland. The conference takes place during a defining year for the future of Scotland’s economy. On available evidence, independence offers opportunities for trade unions and business. A key example within this is […]

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Energy subsidies: renewables, fossil fuels or nuclear?

Energy subsidies: renewables, fossil fuels or nuclear?

| 14/04/2014 | 4 Comments

Think of what you have done today and the chances are this required energy, most likely produced by easy access to cheap fossil fuels. These fuels will not run out any time soon, but they are finite, increasingly acknowledged to be influencing weather patterns and will become more expensive. So it makes sense to develop […]

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Explaining Scotland’s social security spending

Explaining Scotland’s social security spending

| 11/04/2014 | 5 Comments

The effectiveness and fair provision of social security spending is a central issue to the independence debate. Westminster policy on housing – through the bedroom tax – and on disability support has been extremely controversial. Westminster claim that spending on social services is wasteful and too high. It’s useful to have the facts to differentiate […]

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12 images of Scotland’s renewables revolution

12 images of Scotland’s renewables revolution

| 10/04/2014 | 1 Comment

An independent Scotland will have a huge opportunity to benefit economically from renewable energy resources. Here are 12 images that help to visualise this growing sector. 1. Scotland has some of the largest potential renewable resources of any nation in Europe. A recent report valued this at 200,000 Gigawatt hours.  2. This image illustrates wind […]

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UK Energy analysis paper only tells one side of the story

UK Energy analysis paper only tells one side of the story

| 09/04/2014 | 4 Comments

Today’s release by the UK government of its latest Scotland analysis paper ‘Energy’ is the newest in a series of depressingly one-sided and negative releases. Cobbled together in mind-numbing civil service prose, and constantly repeating itself,  it is hard to see who its target audience might be, except maybe those whose convictions are wavering as they […]

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Economics made simple (2) Gross Domestic Product

Economics made simple (2) Gross Domestic Product

| 08/04/2014 | 7 Comments

Gross domestic product (GDP) is a measure of the value of all the goods and services produced over a time period and presented quarterly and annually.  By comparing the figures for two or more quarters, it is possible to tell whether the economy is growing or shrinking. For example two consecutive quarters of shrinkage (often […]

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How an independent Scotland can become one of the richest energy nations in the world

How an independent Scotland can become one of the richest energy nations in the world

| 07/04/2014 | 9 Comments

Scotland has vast amounts of oil in the North Sea and now Scotland is set to benefit from the revolution in renewable energy. The country has struck the natural lottery twice. But how can this rich combination of energy wealth benefit the people who live in Scotland? This year Scotland faces a choice between two […]

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Bank of Scotland: 39,000 jobs to be created in the oil & gas sector during the next two years

Bank of Scotland: 39,000 jobs to be created in the oil & gas sector during the next two years

| 04/04/2014 | 4 Comments

The oil & gas sector is booming with opportunities to create up to 39,000 new jobs over the next two years, according to new research from Bank of Scotland. A survey of a broad cross section of 100 oil & gas companies, carried out for the bank’s third-annual report on the sector, suggests expectations of […]

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Weir Group agree that Scotland has got what it takes to succeed as an independent country

Weir Group agree that Scotland has got what it takes to succeed as an independent country

| 03/04/2014 | 7 Comments

Today the Weir Group released a constructive addition to the business debate on independence. The questions contained within the report can be answered based on economic evidence, and the opportunities that are highlighted strengthen the case for Scottish independence. As an engineering company owner and a director of Business for Scotland, I agree with the report […]

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Economics made simple (1) Debt, Deficit and Independence

Economics made simple (1) Debt, Deficit and Independence

| 01/04/2014 | 5 Comments

Debt and Deficit When in any single year, a government spends more than it raises in revenues (taxes etc) it is in deficit. To cover the gap,  the government has to borrow money (assuming it does not have any reserves). That borrowed money is the government’s debt, and it will have to pay interest on […]

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How Scotland is powering the renewables revolution

How Scotland is powering the renewables revolution

| 31/03/2014 | 8 Comments

Scotland remains on track to produce the equivalent of 100% of its electricity consumption from renewable sources by 2020, according to a recent report by WWF Scotland. Powering the renewables revolution The next generation presents a unique business opportunity for Scotland to develop skills, jobs and exports in renewable technology. Scotland’s geographical position on the […]

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Profile – Tony Banks

Profile – Tony Banks

| 29/03/2014 | 1 Comment

From bins collector and supermarket shelf stacker to self-made millionaire businessman, Tony Banks is the embodiment of a modern day rags-to-riches success story. But the epithet ‘one of Scotland’s top entrepreneurs’ does not sit comfortably on his shoulders. “The truth is there are no airs and graces about me,” he says. “I’m just a proud […]

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