Wednesday, 23 May 2018 05:33


First Minister Nicola Sturgeon has received the report of the Sustainable Growth Commission, which will be published on Friday (25th May).

The report is entitled “Scotland – the new case for optimism: a strategy for inter-generational economic renaissance” and demonstrates that, overall, comparable small country economies perform better than those of larger countries such as the UK.
Receiving the report, the SNP leader announced that the party would hold a series of National Assemblies over the summer to debate and discuss the report’s recommendations ahead of the party’s annual national conference in October.
The Sustainable Growth Commission, chaired by former MSP Andrew Wilson, has approached its remit through commissioned research, the insight and analysis of its expert members, meetings with organisations across Scotland and by considering independently offered advice.
The 354-page report is in three parts covering: 

  • opportunities for growth, both now and with independence,
  • sustainable public finances; and
  • consideration of currency issues for an independent Scotland.

Each National Assembly will consider a different section of the report and will be chaired by the Depute Leader of the SNP.
Commenting, SNP Leader and First Minister Nicola Sturgeon said:
“Scotland has strong foundations in business, in innovation and in our talented workforce – but we need to maximise our strengths to match the economic performance of successful independent nations of comparable size.
“At a time when economic thinking and debate is heavily focused on how we limit the damaging impacts of Brexit on Scotland, this report provides an opportunity to step back, to look at Scotland’s economic future with optimism and to focus on how we seize our opportunities and achieve our full potential as a nation.
“The report of the Growth Commission does not shy away from Scotland’s challenges – instead it looks at how we can address these challenges positively and in line with our core values as a nation.
“It is not a report about the timing of a referendum – rather, it focuses on the ‘why’ of independence and how we can use the powers it will deliver to build a stronger economy and a fairer society.
“In so doing, it heralds the start of a debate based on hope and ambition about the future of the country, rather than on the despair of Brexit.
“I’m very grateful to Andrew and all the members of the Commission who have given generously of their time and talents to undertake what is a very substantial piece of work.
“It is now for the SNP to consider the report’s recommendations. All members will have the chance to discuss the report in detail at local and national events over the summer, and to listen to the views of people across the country before the party takes a formal view on the report’s recommendations.”
Sustainable Growth Commission Chair Andrew Wilson said:
“My thanks to the First Minister for giving us the opportunity to produce the most substantial work on Scotland’s economic future that has ever been undertaken.
“There is much cause for optimism in Scotland’s position and it is my sincere hope that the report generates serious and informed debate, not only in terms of future policy for the SNP, but among everyone with a stake in the success of our country.
“Particular thanks must go to those who have lent their time, intellect and patience over the past 18 months. It has been a real privilege to chair such an outstanding group, focusing such talented minds on such a challenging topic.
“Scotland – the new case for optimism – sets out an ambitious but achievable prospectus, and its publication will mark the beginning of fresh debate on Scotland’s economic future.”
The Commission's remit was to assess projections for Scotland’s economy and public finances, considering the implications for the nation’s economy and finances under different potential governance scenarios and making recommendations for policy on:

  • Measures to boost economic growth and improve Scotland's public finances – both now in the aftermath of the EU referendum and in the context of independence
  • The potential for and best use of savings from UK programmes in the event of independence, such as Trident
  • The range of transitional cost and benefits associated with independence and arrangements for dealing with future revenue windfalls, including future North Sea revenues.

In addition, the Commission was asked to take account of the recommendations of the 2013 Fiscal Commission reports, the outcome of the EU referendum, and consider the most appropriate monetary policy arrangements to underpin a programme for sustainable growth in an independent Scotland.
Dates and times for the National Assembly meetings will be confirmed to party members following the SNP’s Conference on 8/9 June, where the new Depute Leader will be announced. 

Read 709 times Last modified on Wednesday, 23 May 2018 10:43

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