John Ferry is a contributing editor for the think tank These Islands and a former financial journalist
‘I hope the sterlingisation zombie now has a stake through the heart,’ tweeted SNP delegate Tim Rideout after getting his resolution on ‘The Scottish Reserve Bank Establishment Bill’ passed at his party’s conference last weekend. Rideout sits on the SNP’s policy committee and is part of a faction challenging the SNP leadership’s plan for Scotland
Less than a quarter of Scots believe Scotland is likely to leave the UK within the next five years, according to a new poll. The poll also shows that secession does not command majority support. As we approach the second anniversary of the start of the pandemic, it seems getting back to normal is more
It was only a matter of time. When the Scottish Green party entered government alongside the SNP in August, it was clear Nicola Sturgeon would use the party as a shield against her questionable record and stance on the environment. The surprise is that it happened so quickly and so blatantly. This week we had
The big tax and spend budget. More Gordon Brown than George Osborne. Sunak’s spending spree. However you wish to describe it, one thing is clear: Rishi Sunak’s budget marks a radical departure from previous Conservative chancellors. And while it might have ruffled the feathers of some Tories, it’s also causing problems for the SNP. In some
This month we’ve seen the UK government introduce temporary visas for butchers after farmers were forced to slaughter healthy pigs, the extension of cabotage rights (whereby foreign lorry drivers can do additional pick-up-and-drop off jobs within a country) and a move to replace Brexit’s controversial Northern Ireland protocol. Supply chain problems can’t all be pinned
When he’s not falling off his scooter like he’s auditioning for the role of Inspector Clouseau in the Pink Panther franchise, the gaffe-prone Scottish health minister, Humza Yousaf, is mired in a multitude of Scottish NHS crises. This month saw Britain’s armed forces parachuted in to prop up the Scottish Ambulance Service. Nicola Sturgeon was forced
Scottish civil servants are to start work on a ‘detailed prospectus’ for independence so the Scottish government can hold another referendum ‘when the Covid crisis has passed’, Nicola Sturgeon announced earlier this month. The irony of this – coming just days before the Office for National Statistics reported that the percentage of Scots testing positive in a
‘Now, as I’ve hopefully made clear throughout all of my remarks, the North Sea will continue to produce oil for decades to come. It still contains up to 20 billion barrels of recoverable reserves. Our primary aim – and I want to underline and emphasis this – our primary aim is to maximise economic recovery
It’s confirmed. The co-leaders of the Scottish Greens, Patrick Harvie and Lorna Slater, have become junior ministers in Nicola Sturgeon’s government. Harvie is Minister for Zero Carbon Buildings, Active Travel and Tenants’ Rights, while Slater is Minister for Green skills, Circular Economy and Biodiversity. Of the two, Slater’s is the more interesting role as it
UK borrowing in 2020-21 hit a record level of almost £300 billion, representing 14.2 per cent of British GDP, reported the Office for National Statistics in June. In the face of the biggest spending challenge since the Second World War, the Treasury, backed by one of the world’s most established central banks, stepped up to supply
The SNP’s nationalist outriders, the Scottish Green party, are reported to be within touching distance of agreeing the terms of a formal cooperation agreement that will see them enter government for the first time. What will this mean for Scotland and its governing party? On the face of it, not a great deal. Some Green
What’s more important to supporters of Scottish secession, achieving the break-up of Britain or seeing Scotland successfully transition to net zero greenhouse gas emissions? It is a difficult question for environmentally conscious independence supporters to face, but face it they must, for it is becoming increasingly clear that Scotland cutting itself out of the UK
For such a radical change to our monetary system, the lack of understanding of quantitative easing (QE) and its impacts is worrying. That is one of the conclusions drawn from this month’s House of Lords economic affairs committee report, ‘Quantitative easing: a dangerous addiction?’ QE involves central banks creating money and using it to buy
This month’s announcement of a new economic advisory council formed by the Scottish government came with the usual flow of superlatives. The 17-member group will publish a strategy paper later this year to help deliver the ‘transformational change Scotland needs’, according to economy secretary Kate Forbes. We are promised ‘bold ideas’ that will bring ‘new,
The announcement reeked of desperation. Nicola Sturgeon is ‘delighted’ that the SNP National Executive Committee has approved her nomination of retired MSP and party grandee Mike Russell as ‘political director of the HQ independence unit’. The statement, put out on Twitter last week, aimed to give a sense of momentum and industrious activity: Russell at
Can the Duke and Duchess of Cambridge save the Union? Officials at Buckingham Palace are reported to be drawing up plans for the Royal couple to spend more time north of the border. If so, it’s likely that Alex Salmond won’t be amused: the former first minister accused Prince William of ‘poor judgement’ for meeting
Post-pandemic economic recovery was on the agenda at Holyrood this week, with Scotland’s finance minister Kate Forbes in full JFK-style ‘ask not what your country can do for you’ visionary mode. ‘Wherever someone works, and in whatever capacity, if they think that they can serve our country as we face the prospect of rebuilding, this
‘A SNP MSP has claimed an independent Scotland could guarantee a couple with children a minimum income of more than £37,000 a year,’ the Daily Record reported breathlessly this week, as it covered the SNP’s latest plans for an independent Scotland. Then came the clincher: ‘Neil Gray admits the plans have not been costed.’ Neil
Get ready for a constitutional rammy during the first half of this, the sixth session of the Scottish parliament. Just don’t expect it to be over a second independence referendum. Recent polling shows momentum has moved back in favour of those wishing to remain in the UK, while signals from the public also consistently suggest
Might the 2020s be the seismic decade in which the post-war consensus, that liberal democracies do not and should not break apart, is broken? Scotland’s First Minister Nicola Sturgeon certainly thinks so. Her lifelong quest to break up Britain must feel closer than ever after winning last week’s Holyrood elections. But there are hurdles yet
