Economy

The economy of Scotland had an estimated GDP of $205 billion in 2020.

Government Expenditure and Revenue Scotland (GERS) is an annual estimate of the Scottish economy as part of the 

Published annually, the report details the difference between Scotland’s tax revenues and its public service expenditure.

The Brexit referendum opened up conflict between executive, parliamentary, national and popular sovereignties in the differing nations of the United Kingdom and had a noticeable effect on British disintegration.

Economic theory shows that the decision for a region to remain in a country (or a union) or to secede results from a trade-off between the benefits of being part of a large country, and the costs  associated with more heterogeneity.

While opinion polls in the past few months have recorded unprecedented and sustained support for independence in Scotland, economists said the short to medium term economic and fiscal difficulties of leaving the UK look substantially greater than they did when voters rejected the idea in 2014.

Scotland is economically viable as it has natural resources, a skilled population, strong trading relations, excellent industrial sectors and products, and a well developed financial sector.

 With the right plan on currency, economic model and transition, there is no reason why Scotland could not become a successful independent nation. But that plan needs to come from the 2020s, not the 1990s.

It’s that time of year again when unionists start spreading lies about how an independent Scotland is subsidised by taxpayers money from the rest of the United Kingdom.

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.