Scottish politicians have neglected serious economic policy for too long

Economic growth is a taboo subject in Scottish politics. Throughout a succession of administrations, of all shades and stripes, the focus of government in Scotland has been almost wholly on social policy. To the extent economic policy has been widely considered, it is in the context of how yet more money can be squeezed from an increasingly compressed and constricted tax base.  

The consequences of this inertia are now evident in abundance. Scotland’s GDP growth rate has lagged significantly behind the rest of the UK over the last decade – a not inconsiderable achievement given recent circumstances – while productivity remains stubbornly low, below the national average. Meanwhile, Scotland also faces significant structural challenges, not least its rapidly ageing population. In short, without significant and sustained economic growth, Scotland and its public services are on course to fall into an ever darker, ever deeper, black hole.