Scotland's contribution to the UK economy

Stephen Richard — Mon, 18 Oct 2021 12:03:01 +0000

Scotland's contribution to the UK economy Stephen Richard Mon, 10/18/2021 - 13:03

Author or Creator

Business for Scotland

The more northern areas of the UK have suffered years of de-industrialisation, high unemployment and lower investment that followed the emergence of London-centric finance and service-led economic policy under consecutive Conservative and New Labour governments.

Put simply, when the UK runs a surplus Scotland contributes more to the surplus, and when the UK runs a deficit Scotland has to pay more of the debt back than it is responsible for. It’s a “lose/lose” situation for Scottish tax payers and especially for those in need of support from the state.

How does a political and economic system that drains billions in revenues from Scotland and leaves the poor unable to heat their homes make us better together? The current Westminster system leaves many Scots children in poverty and growing up in a culture of hopelessness. It leaves our nation’s families comparatively poorer despite the fact that we generate more tax revenue per head that the rest of the UK.

How can anyone justly claim that is worth fighting for? But then maybe that is why the No camp does not actually campaign on the economic and social record of the Westminster system but rather campaign against independence and, by extension, against the hopes and aspirations of those of us that see independence not as an end in itself but a means to an end whereby we build a stronger, safer, richer, fairer and all round better Scotland.

We can build a Scotland which gets the best of both worlds from remaining in partnership with our friends across the British Isles in areas where we share mutual interests, but most importantly being able to shape our own economic future and maximise our own resources to benefit more Scots today and in generations to come through self-government.

Keywords

Wealth

wealth distribution

Economy

Where does Scotland’s wealth go?

Stephen Richard — Wed, 29 Sep 2021 10:16:51 +0000

Where does Scotland’s wealth go?

Primary Author or Creator

Gordon MacIntyre-Kemp

Stephen Richard Wed, 09/29/2021 - 11:16

Additional Author(s) / Creators

Business for Scotland

Alternative Published Date

2013