Tag: economics

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Scotland has more graduates, more patents and more business investment than other parts of the UK

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Professor John Robertson OBA From Business investment rises to 20-year high in Scotland published yesterday: A new report has shown that business investment in Scotland has risen to a 20-year high – in contrast to a fall across the UK. Deputy First Minister Kate Forbes today helped to launch the annual CBI–Addleshaw Goddard Scottish Productivity Index, showing a rise in business investment to more than 10% of GDP for the first time in 20 years. The Index confirms Scotland leads the UK in higher-level qualifications with 53.7% of the working-age population educated to this level. It also highlights key progress … Continue reading Scotland has more graduates, more patents and more business investment than other parts of the UK

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Only couples earning £76 000 or more would be better off under Labour according to Anas Sarwar

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Professor John Robertson OBA In the Daily Record yesterday: Anas Sarwar has insisted many households are £5000 better off since Labour came to power and demanded Keir Starmer “tell that positive story”. “So if you are a full time working couple on the average income with a mortgage you could be £5000 better off under a Labour government.” So, you need a mortgage to deserve help from Labour? That’s around 29% only with a mortgage, 63% whose parents already own their home.1 In the old days, the other 27% were core Labour voters. Average income in Scotland? The median is £38k2, £76k … Continue reading Only couples earning £76 000 or more would be better off under Labour according to Anas Sarwar

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Are GERS figures for Scotland a measure of its economy after say 20 years of independence? No and here’s why, says AI analysis in support of an angry Pict

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Support Talking-up Scotland’s work to counter the lies and get you the facts, daily, at: https://www.crowdfunder.co.uk/checkout/help-talking-up-scotland-tell-truth-about-scotland/payment/nBQxjVzq/details Professor John Robertson OBA From Grok with the above question in the headline: No, the Government Expenditure and Revenue Scotland (GERS) figures are not a measure of Scotland’s economy after 20 years of independence. GERS provides an annual snapshot of Scotland’s public finances under the current constitutional arrangement as part of the UK, estimating revenue raised and public spending allocated to Scotland. It reflects the existing fiscal framework, where Westminster controls significant portions of revenue (around 70%) and spending (around 40%), including items like … Continue reading Are GERS figures for Scotland a measure of its economy after say 20 years of independence? No and here’s why, says AI analysis in support of an angry Pict

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The dark Brian Wilson allowed to challenge SNP universalism on winter fuel allowance in a typically under-educated manner

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Professor John Robertson OBA Brian ‘Bad Vibrations’ Wilson, former Minister under Tony Blair, is in the Herald today to claim: Winter fuel payment u-turn exposes flaws in SNP’s universalism Have I read it? No way? Do I need to read it? No way. I have the oven-ready, fully-researched, response from a think tank set up by that real socialist, the late Jimmy Reid. The facts, from the Jimmy Reid Foundation: In 2012, I read and was much impressed by their The Case for Universalism An assessment of the evidence on the effectiveness and efficiency of the universal welfare state which made these telling … Continue reading The dark Brian Wilson allowed to challenge SNP universalism on winter fuel allowance in a typically under-educated manner

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Stunning US study makes clear the enormous wider benefits of building the Glen Sannox and the Glen Rosa ferries on the Clyde

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Professor John Robertson OBA From the Washington State, USA, based Lynwood Times yesterday: A new independent study by Pennsylvania-based Martin Associates confirms the economic value of building the new Washington State Ferries hybrid fleet in-state, showing that each ferry constructed in the state would generate 1,298 jobs and $31.9 million in state and local taxes. Washington State Ferries, which operates the largest ferry system in the nation, solicited bids this spring to build five new hybrid ferries over a six- to eight-year period with a budget of $1.3 billion. The new hybrid electric ferries have 160-car capacity to support growing … Continue reading Stunning US study makes clear the enormous wider benefits of building the Glen Sannox and the Glen Rosa ferries on the Clyde

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Scotland’s free prescription costs static in line with inflation despite 29% increase in those over 75, over 10 years

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By Professor John Robertson OBA From Public Health Scotland, yesterday: The total (net) cost for dispensing items and providing services in 2023/24 was £1.62 billion, increasing by 6.5% from £1.52 billion in 2022/23. This follows a period of largely rising cost, increasing by 35.3% over the last 10 years.1 UK general inflation in the same period was 34%.2 The inflation rate specifically for pharmaceuticals from 2015, was 33.5%.3 For 2014 it was 1.45%4, giving a total of 34.9%, almost exactly the same as the 35.3% for the cost of prescriptions. In the same period: The number of people aged 75 … Continue reading Scotland’s free prescription costs static in line with inflation despite 29% increase in those over 75, over 10 years

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England’s national debt is on course to treble over the next half a century

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BBC Business yesterday, reported: UK [sic] national debt is on course to treble over the next half a century due to several pressures, according to the government’s official forecaster. Those pressures include an ageing population, climate change, and rising geopolitical tensions, the Office for Budget Responsibility (OBR) said in a report. Remarkably, the report does not mention the most important reason for the UK’s historical debt going back decades now, since the British Empire could no longer force its manufactured goods onto colonies and extract their raw materials free of charge. England does have a surplus of around £130 billion … Continue reading England’s national debt is on course to treble over the next half a century

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The knock-on consequences for the size of the Block Grants to devolved administrations and the resourcing of the NHS in Scotland

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By stewartb The recent National Audit Office report entitled ‘NHS Financial Management and Sustainability’ makes substantive comments on the state of NHS England and the challenges it faces due to financial settlements over many years now from Westminster governments. Of course it makes ZERO reference to the knock-on consequences for the size of the Block Grants to devolved administrations and the resourcing of the NHS in NI, Scotland and Wales. See https://www.nao.org.uk/reports/nhs-financial-management-and-sustainability-2024/ Just a few extracts from the NAO report help to reinforce the point for anyone willing to acknowledge how the Barnet Formula operates: The NAO explains that ‘over the decade … Continue reading The knock-on consequences for the size of the Block Grants to devolved administrations and the resourcing of the NHS in Scotland

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If Mrs Thatcher had not existed then Labour would have had to invent her

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By Legerwood If Mrs Thatcher had not existed then Labour would have had to invent her in order to hide their culpability in the demise of Scottish industry which started long before she became PM. Labour had two periods in power in the ’60s and ’70s but did not do anything to stop the closure of pits and shipyards or help the communities so badly affected by these closures. At the time of nationalisation of the coal mines by the Attlee Gov there were 225 mines across Central Scotland. By the time Mrs Thatcher became PM in 1979 there were … Continue reading If Mrs Thatcher had not existed then Labour would have had to invent her

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What will a Labour government do? More austerity, no public investment, increasing privatisation, no curbs on corporate profiteering and remaining outside the UK’s largest market.   

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Leah Gunn Barrett English Labour says the UK economy is growing at the slowest rate for two centuries.[1] Could it have to do with austerity, Brexit, chronic underinvestment, rampant corporate profiteering and high interest rates? And if so, what will a Labour government do?  Fresh from Davos, Rachel Reeves told a meeting in the City of London “every day, every month and every year of a Labour government, Labour will maintain its credibility with the markets and relationship with the City.”[2] Labour has made clear that it will coddle and appease financial markets which means austerity, no public investment, increasing privatisation, no … Continue reading What will a Labour government do? More austerity, no public investment, increasing privatisation, no curbs on corporate profiteering and remaining outside the UK’s largest market.