Friday, 25 May 2018 13:30

SNP WELCOMES SUSTAINABLE GROWTH COMMISSION REPORT

Welcoming the publication today of the report of the Sustainable Growth Commission, First Minister and SNP Leader Nicola Sturgeon said: 

“I thank Andrew Wilson and the other members of the Commission for their time and effort in producing this comprehensive report for Scotland’s future economic success. 

“What this report shows is that Scotland is a wealthy nation with huge resources, encompassing our traditional strengths in innovation, our hi-tech sectors, our energy reserves, our food, drink and tourism strengths – and perhaps above all our strength in human capital, with a highly educated population.

“But despite those enormous strengths, similar sized nations have performed better over decades - all of them independent but most of them with fewer resources than us.

“The task ahead is to match those other nations, creating more jobs and raising living standards, providing a better future for everyone who lives here.

“The Growth Commission is right that in order to raise our performance we must target increases in our population, ensure that all in our society are able to participate fully in the economy and drive forward improvements in our productivity that will boost our growth rates.  The Scottish Government is working hard to achieve that with the powers of devolution, but as well as offering new ideas for what we can do now, this report sets out how much more could be achieved with independence.

“This report rightly doesn’t shy away from the challenges we face but presents ways in which those challenges can be addressed – and sets out recommendations on currency - which as a country we should all debate and discuss.

“Scotland is now in a very different political and economic situation to 2014.  There is no status quo and we know that being taken out of Europe and out of a market around eight times bigger than the UK market alone will hit our economy.  That is why it is time to begin a fresh debate and to replace the despair of Brexit with optimism about Scotland’s future. 

“We look forward to debating the report’s recommendations – both within the SNP and with business, trade unions and communities across Scotland.”  

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