We need a better way of measuring the Scottish economy

THE UK Government’s Autumn Statement was deeply miserable, with the solely group benefitting being the banks. The cap on bankers’ bonuses was lowered from 8% to three% as deliberate in 2021. This was and nonetheless is a extremely controversial non-reversal of the beforehand introduced rest in 2021.

Remind me who began these final 14 years of austerity? Yes, it was the on line casino banks that crashed the confidence in the international monetary system in 2008. Yet UK Government borrowing has elevated disproportionately in the intervening years, to fill in the monetary “black gap”.

In a radio interview, the Chancellor claimed the UK economy has grown extra over the previous couple of years than different G20 international locations. This is manipulation of info of the highest order, presumably even a assertion of misinformation.

READ MORE: What Yessers say about a Twitter declines affect on the indy debate

Under the measure used, gross home product (GDP), that is in all probability true however the distribution of wealth beneath inside the economy, is hidden by this blanket measure. I’m reminded that measures that are “averages” will be damaging to well being. A bucket of ice is close to 0C and boiling water is 100C, so the common is 50C, a sizzling tub(48.8C).

Some folks are being frozen out, and a few are raking it in, with the elevated quantity billionaires a better indicator of what’s happening.

A billionaire who made his cash by working onerous with the introduction of cell phone tech, suggested that his youngsters have been advised that they won’t inherit his wealth, so they are going to need to “roll their sleeves up”. He admitted that high-net-worth people ought to bear the value of tax will increase, supplied it was a worldwide change.

This appears one thing like what is required for the local weather disaster – everybody or none, with none inflicting a break-down of society.

READ MORE: Billy Kay confirmed to talk at Supreme Court indyref2 verdict rallies

A younger market dealer from the East End of London, who made his cash by “betting” that UK rates of interest wouldn’t rise after 2008, talked by way of the causes and made an necessary remark masking this case. He said that “inequality is a most cancers” in our society.

So, it’s clear, GDP shouldn’t be a good measure, as inequality can happen and be masked by utilizing this single measure in the evaluation of our economy and society.

Alistair Ballantyne

Birkhill Angus

THE British Government’s assault on dwelling requirements ought to spur the nationalist motion to mobilise Scots to attain independence.

The coming poverty is so drastic that the solely way out is for Scotland to separate from England and the relaxation of the UK and its impoverishment of Scots.

Colin Beattie

by way of e mail

I HAVE purchased The National virtually day by day because it was first revealed and solely want it had been obtainable previous to the 2014 referendum. I notably get pleasure from the Sunday version with its Seven Days part.

However, I’m getting increasingly more annoyed with the fixed carping about the SNP and their representatives at Holyrood and Westminster.

READ MORE: South of Scotland independence group launches for tailor-made sure message

If it wasn’t for the SNP there wouldn’t be an independence motion!

God is aware of, there’s a lot to criticise while you take a look at all the different events against our widespread trigger. This fixed negativity shouldn’t be useful. Have the people who assault the SNP not heard of “divide and conquer”?

Constructive criticism is wholesome, however let’s not give the Unionists any encouragement. They have already got all of the MSM on their facet. Time for us to be united and struggle for our independence collectively.

Angus Ferguson



Recommended For You