Business

Busting the old Unionist anti-indy myths. Open minds on Scottish independence #19

Stephen Richard — Sun, 10 Oct 2021 10:25:45 +0000

Busting the old Unionist anti-indy myths. Open minds on Scottish independence #19

Primary Author or Creator

The National

Stephen Richard Sun, 10/10/2021 - 11:25

Additional Author(s) / Creators

Believe in Scotland

Date Published

Sat, 04/17/2021 - 12:00

Category

Independence

Type of Resource

News Media

Fast Facts

This article looks at three myths about Scottish independence:

Myth 4: Business leaders are worried about the effects of independence.

Myth 5: A new Scottish currency would be difficult to establish

Myth 6: independence would threaten pensions

Resource Address (URL)

https://www.thenational.scot/news/19239891.open-minds-independence-18-busting-o…

Keywords

Business

Pensions

Currency

Language English

SCOTLAND THE BRAVE? AN OVERVIEW OF THE IMPACT OF SCOTTISH INDEPENDENCE ON BUSINESS

Stephen Richard — Mon, 04 Oct 2021 18:11:19 +0000

SCOTLAND THE BRAVE? AN OVERVIEW OF THE IMPACT OF SCOTTISH INDEPENDENCE ON BUSINESS

Primary Author or Creator

Clifford Chance

Stephen Richard Mon, 10/04/2021 - 19:11

Alternative Published Date

July 2021

Category

Independence

Length (Pages, words, minutes etc...)

18pp

Fast Facts

The practical issues that arise on separating Scotland from rUK cannot be underestimated, despite the existence of a Scottish Government since devolution. Everything run on a UK-wide basis must be split. Laws that are in force in Scotland and in rUK on independence day will continue in force, but both countries need to look at their statute books in order to ensure that they meet the requirements of each country's new or revised form

Resource Address (URL)

https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2021/07/sco…

Keywords

Independence issues

Cost of independence

Business

Language English

State of the economy

Stephen Richard — Sat, 02 Oct 2021 18:51:10 +0000

State of the economy

Primary Author or Creator

Chief Economic Advisor

Stephen Richard Sat, 10/02/2021 - 19:51

Additional Author(s) / Creators

Scottish Government

Alternative Published Date

2020 -

Category

Economy

Type of Resource

government report

Fast Facts

This is the three times a year report on the Scottish economy in an international context.

Resource Address (URL)

https://www.gov.scot/collections/state-of-the-economy/

Keywords

Language English

Scottish Development International

Stephen Richard — Sat, 02 Oct 2021 18:37:44 +0000

Scottish Development International

Primary Author or Creator

Scottish Development international

Stephen Richard Sat, 10/02/2021 - 19:37

Alternative Published Date

2020 -

Category

Economy

Type of Resource

website

Fast Facts

Presents the Scottish economy from an international business and investment perspective.

Resource Address (URL)

https://www.sdi.co.uk/

Keywords

Language English

SCOTTISH ECONOMY OVERVIEW

Stephen Richard — Sat, 02 Oct 2021 18:33:13 +0000

SCOTTISH ECONOMY OVERVIEW

Primary Author or Creator

Scottish International Development

Stephen Richard Sat, 10/02/2021 - 19:33

Alternative Published Date

2021-

Category

Economy

Type of Resource

Web site

Fast Facts

This gives the Scottish economic statistics from an international investment point of view.

Resource Address (URL)

https://www.sdi.co.uk/business-in-scotland/scottish-economy-overview

Keywords

Language English

Scottish economic statistics

Stephen Richard — Sat, 02 Oct 2021 18:26:51 +0000

Scottish economic statistics

Primary Author or Creator

Scottish Enterprise

Stephen Richard Sat, 10/02/2021 - 19:26

Alternative Published Date

2021

Category

Economy

Type of Resource

government report

Fast Facts

This paper gives key statistics in graphic form showing such things as: Population 5.4 million, GDP as £166.8 billion or £30,530 per person, employment as 74.8%, unemployment as 4.2%, average weekly full time wage as £595, and many more.

Resource Address (URL)

https://www.scottish-enterprise.com/learning-zone/research-and-publications/com…

Keywords

Language English

Business for Scotland

Stephen Richard — Thu, 16 Sep 2021 12:25:30 +0000

Business for Scotland

Primary Author or Creator

Richard Walker

Stephen Richard Thu, 09/16/2021 - 13:25

Category

Businesses

Independence

Type of Resource

Web site

Fast Facts

"We make the case for maximum devolution of power and responsibility possible at any time, particularly in areas such as the economic levers and business policies. In turn, this will allow a Scottish Government to boost economic growth."

Resource Address (URL)

https://www.businessforscotland.com/

Keywords

Language English

Resilient Scotland Part One

Stephen Richard — Sun, 15 Aug 2021 16:00:56 +0000

Resilient Scotland Part One

Primary Author or Creator

Common Weal

Stephen Richard Sun, 08/15/2021 - 17:00

Alternative Published Date

2021

Category

Economy

Banking

Type of Resource

Policy Paper

Fast Facts

The borrowing cap for the Scottish Parliament should be removed or lifted substantially so public expenditure can be used where needed; but, more importantly the Scottish National Investment Bank should be given full dispensation to act as a bank and thus capitalise from sources such as pension funds and lend to the public as well as private sector. Public procurement should be entirely reprofiled with the public policy goal of supporting Scottish business and achieving the maximum number of manufacturing jobs.

More details

By using Resilience Economics we can replace an economic toolbox with few policy options which creates inequality, environmental harm and repeated economic crises with one based on a much more balanced set of economic theories which prioritise public-good outcomes and will result in a more stable economy. This can be made to work under devolution if we focus on unlocking Scotland’s economic underdevelopment and support this not with bailouts for existing businesses but transition packages linked to reprofiled public spending and sustainable investment from the Scottish National Investment Bank.

This is underpinned by a series of over-arching policy goals which explain what kind of economy we are seeking to achieve; replacing an unhealthy focus on GDP growth with these will make clear the kind of economic change Scotland is pursuing. Scotland is inordinately well positioned to achieve this because of the current underdevelopment of our copious natural and human resources.

To achieve this we must do the following: Set up a Transition Academy to help policy-makers adapt to the new agenda. Set up a Diversification Agency to support new and existing businesses to grasp the opportunities being unlocked. Create a guaranteed retraining programme for those who lose employment. Reprofile public procurement spending to support this transition Begin a major programme of public rental house-building linked to an integrated supply chain strategy. Create a mortgage-to-rent scheme for households at risk of losing their home. Introduce a tourism rescue package with all citizens being given a £100 voucher for a stay at a Scottish hotel Introduce a similar voucher scheme for the hospitality sector. Develop a form of Universal Basic Income for artists. Devise plans for a future Festival of Scotland to support the entertainment and events sector. Create an industrial strategy to unlock new economic activity in food production, materials manufacture, light manufacturing, housing, energy, hydrogen, land, design and innovation.

Resource Address (URL)

https://commonweal.scot/wp-content/uploads/2020/06/Resilient-Scotland-Part-One…

Keywords

Scottish National Investment Bank

Language English

Resilience Economics, an Economic Model for Scotland’s Recovery.

Stephen Richard — Sat, 31 Jul 2021 10:32:59 +0000

Resilience Economics, an Economic Model for Scotland’s Recovery.

Primary Author or Creator

Common Weal

Stephen Richard Sat, 07/31/2021 - 11:32

Alternative Published Date

2020

Category

Economy

Type of Resource

Policy Paper

Fast Facts

We need a resilient economy, one which creates the good jobs that give people the income to live good lives now, which has the security to make us confident we can live good lives in the future, which useful, diverse, non-exploitative and which does not contain high levels of risk, or which falls over in a crisis. And this must all be based on a resilient environment which is always able to regenerate itself after human activity and can therefore sustain our lives now and in the future.

More details

To help visualise what Resilience Economics might mean in practice, the following is a short list of some of the high-level goals these economics suggest for Scotland:

― Scotland must create an economy which is more productive and useful and which reduces low-pay and insecure jobs with high-pay, secure ones

― Scotland should do much more to prioritise domestic productive business over corporations and help and encourage those businesses to develop themselves as part of a new green economy

― Scotland should get property price inflation under control so excessive rents and mortgages don’t undermine the economy again

― Scotland should make banking safe and boring so that a reliable and resilient banking sector can be trusted to provide crucial services – with risk-takers being allowed to fail

― Scotland should reduce the volume of commercial retail and to transition away from a reliance on the low-pay service sector

― Scotland must begin a major programme of green reindustrialisation and increase domestic manufacturing capacity

― Scotland’s recovery must be driven in part by land-based industries and so land reform will be crucial

― Scotland must adopt an ‘entrepreneurial state’ model working to a national industrial strategy

― Scotland must very substantially increase the proportion of our economy which is domestically owned

― Scotland must use the economic rebuilding post-virus to move rapidly to start a radical Green New Deal

― Nothing in Scotland’s recovery and its subsequent re-industrialisation process must be considered if it does not decrease economic inequality and poverty.

Resource Address (URL)

https://commonweal.scot/policies/resilience-economics-summary/

Keywords