With every passing election, Scotland seems to move closer to independence. Investment Monitor explores the obstacles the country would face should it leave the UK.
The possible financial costs and risks, or savings and opportunities, of implementing a new constitutional framework are, naturally, not considered in GERS. Similarly, it does not report on the effects of faster or slower economic growth in an independent Scotland.
Independence is about the right of people in Scotland to decide their own future
We’re the ideal size
Scotland is a wealthy nation with a big economy
We’re educated and talented
We have extraordinary energy resources
There are issues, such as the distribution of income, which merit particular attention in Scotland's case. There are also contradictions in explanations of Scotland's economic performance that have to be addressed.
― Taking a look at UK debt over the long-term shows that it is historically at a very low level. It is also incorrect to claim that we cannot afford the interest on debt.