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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 the […]

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The Scottish Economy

Scottish Government’s Business Pledge shows need for more powers to support business

Scottish Government’s Business Pledge shows need for more powers to support business

Business for Scotland welcomes today’s announcement of a business partnership pledge by the Scottish Government. Business for Scotland’s own set of Goals and Objectives are a close match with the the Scottish Government’s Business Pledge and will therefore be warmly welcomed by our membership, which is now approaching 4,000 Scottish SMEs. In particular, Business for […]

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Why austerity is failing and how maximum devolution drives growth

Why austerity is failing and how maximum devolution drives growth

Ronald Reagan helped shape modern political campaigning, his Hollywood (minor) star looks and faked sincerity set the scene for decades, his “Morning in America” broadcast made people cry and vote for him in droves.  His campaigning mantra was simple: “If you’re explaining, you’re losing.” That lack of explanation has made “austerity” and “reducing the deficit” foundations […]

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Recent Articles

A pledge to grow Scotland’s economy and a challenge to Westminster

A pledge to grow Scotland’s economy and a challenge to Westminster

Launching the Scottish Business Pledge Earlier this week the Scottish Government did a very clever thing, they asked companies to make nine commitments in the form of a business pledge.  The Business Pledge lacked detail and the Scottish Government lacks the powers to add any teeth to the project but nonetheless it sets out an approach […]

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Business for Scotland on the BBC – The case for the Living Wage

Business for Scotland on the BBC – The case for the Living Wage

Ian McDougall, Business for Scotland finance spokesperson, was on BBC Scotland’s Good Morning Scotland programme making the economic case for companies to pay the Living Wage. As with all good ideas that represent change from the accepted norm, you not only have to beat your opponent, but you also get a far harder time from the interviewer. Good ideas don’t start off […]

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Scottish Government’s Business Pledge shows need for more powers to support business

Scottish Government’s Business Pledge shows need for more powers to support business

Business for Scotland welcomes today’s announcement of a business partnership pledge by the Scottish Government. Business for Scotland’s own set of Goals and Objectives are a close match with the the Scottish Government’s Business Pledge and will therefore be warmly welcomed by our membership, which is now approaching 4,000 Scottish SMEs. In particular, Business for […]

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Low pay costs Scottish taxpayers £1billion a year

Low pay costs Scottish taxpayers £1billion a year

When will people tire of subsidising big business because they are not willing to pay their workers enough to live on?  Paying the living wage is not a socialist policy or an act of charitable act it is just good business sense. Political dogmas are disintegrating, nowhere more so than in Scotland, and people are […]

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Why austerity is failing and how maximum devolution drives growth

Why austerity is failing and how maximum devolution drives growth

Ronald Reagan helped shape modern political campaigning, his Hollywood (minor) star looks and faked sincerity set the scene for decades, his “Morning in America” broadcast made people cry and vote for him in droves.  His campaigning mantra was simple: “If you’re explaining, you’re losing.” That lack of explanation has made “austerity” and “reducing the deficit” foundations […]

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Why Westminster doesn’t want Scotland to have full fiscal responsibility

Why Westminster doesn’t want Scotland to have full fiscal responsibility

A lot people are confused by full fiscal responsibility (FFR), what it means, how long it would take to implement and how it would impact on Scotland’s fiscal deficit. I want FFR largely as I think that the more localised the decision making within an economy and society, the more beneficial the decisions made will […]

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56 new SNP MPs to focus on more powers & FFR

56 new SNP MPs to focus on more powers & FFR

| 11/05/2015 | 0 Comments

Business for Scotland today calls on the SNP’s 56 new MPs to make gaining more powers and Full Fiscal Responsibility their number one priority for Scotland. BfS members believe that FFR is essential to allow the Scottish government to implement precisely tailored policies to help Scottish business compete in global markets, moving our economy closer to […]

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Business for Scotland criticises CBI Scotland’s call for more austerity

Business for Scotland criticises CBI Scotland’s call for more austerity

| 08/05/2015 | 1 Comment

New CBI Scotland Director Hugh Aitken’s calls for austerity to be a priority for the new SNP MPs have been criticised by Business for Scotland. In his statement on the SNP election performance, Mr Aitken said: “Getting the deficit down must be a priority, to maintain the UK’s credibility in international markets which will keep […]

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Bad campaigns and bad economics mean a bad night for the union

Bad campaigns and bad economics mean a bad night for the union

A bad night for the union? For months Nicola Sturgeon has been saying that there won’t be a 2016 manifesto pledge for another referendum unless there is a material change in circumstances. Last night’s result opened the door to that material change. There will be an in/out referendum on EU membership for the UK. Assuming […]

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Poll finds huge support (96%) for living wage amongst SMEs

Poll finds huge support (96%) for living wage amongst SMEs

A poll carried out by Business for Scotland has found huge levels of support amongst SME business owners for paying the living wage.  The survey generated 200 responses from employers within the Business for Scotland membership (nearly 4,000) and found overwhelming support for paying the living wage;  96% or 191 respondents. Many employers that support […]

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Leading economist attacks austerity, praising Greens and SNP

Leading economist attacks austerity, praising Greens and SNP

Australian Professor Steve Keen, one of the worlds leading economics experts, Revere Prize winning economist and author of seminal economic text Debunking Economics, said in an interview with www.everyinvestor.co.uk that the mainstream political parties approach to austerity and deficit management was naive. He described the austerity-heavy Conservative and Lib Dem approach and the austerity-lite version from Labour as naive and […]

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Scottish economy could double with Fiscal Autonomy

Scottish economy could double with Fiscal Autonomy

The leading Scottish business and economic policy think tank N56 has published a report that claims fiscal autonomy, (also known as full fiscal responsibility or just home rule) coupled with a comprehensive new economic strategy, could almost double the size of the Scottish economy over 25 years.  This would also increase Scotland’s public finances, propelling it […]

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A Living Wage can drive workplace innovation in Scotland

A Living Wage can drive workplace innovation in Scotland

| 04/05/2015 | 0 Comments

Guest post by Dr. John Bratton the author of Work and Organisational Behaviour, published in 2015 by Palgrave Macmillan. Income inequality has grown in Britain since the early 1990s. Research by the Institute for Fiscal Studies found that wages were 1 per cent lower in real terms in late 2014 than in the same period in […]

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No trust in the political parties that cried wolf

No trust in the political parties that cried wolf

The level of misinformation spread by Westminster politicians and the metropolitan media on important economic issues for political gain is simply unacceptable. Despite repetitive car crash polls for the political champions of scaremongering and misinformation, it still happens on a daily basis. In Scotland we have a highly engaged electorate and highly developed niche social media […]

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