Debt Bomb Britain

By John S Warren Be under no illusion, even the Conservative and Labour parties do not believe they are offering a choice to the electorate in the 2015 General Election. What they are offering is a political ‘price fix’ orchestrated… Read More ›

A Fate Worse than Debt

By Alistair Davidson The most useful power the Smith Commission could grant the Scottish Government is the ability to get itself as deeply into debt as possible. That seems counterintuitive. After all, politicians of all stripes agree that government finances… Read More ›

This is a Heist

Reports out yesterday make it clear that bankers are still operating freely as basically a feral class able to go about large-scale robbery unhindered. Whilst fines were imposed – five of the world’s largest banks have been fined a total… Read More ›

Paul Krugman, what the heck?

It is the UK’s parlous position, that is giving financial markets their ongoing jitters, not Scotland’s economic prospects argues James Meadway. Reading the media representation would make you think it’s the other way around. Respected economist Paul Krugman, a vociferous opponent of… Read More ›

The Plan B Phoney War

By John S Warren No human being would decide the destiny of their country on the existential basis of a ‘Plan B’ for currency union. For Better Together the issue is, however crucial because, as demonstrated by Alistair Darling’s single-mindedness;… Read More ›


By John S Warren The NIESR “Monetary Union and Fiscal Constraints” (No.288, May, 2014) argues that currency union will not work because the evidence shows that such currency unions have not tended to last. Unfortunately the evidence presented by NIESR… Read More ›

Reporting from Inchinnan

By Daibhidh Rothach The cliches from Unite, Soften the blow, Doing everything we can, Dismayed, which accompanied the announcement of redundancies at the Rolls Royce plant in Inchinnan earlier this year, were perhaps designed to assuage the union’s feelings of… Read More ›

Money Trouble

By Mike Small Now that is embarrassing. After weeks of carefully contrived coordination between Tories red, blue and yellow, the Great Currency Union Bluff seems to have fallen apart with an inadvisable briefing to the Guardian’s chief political correspondent Nick… Read More ›

Standard but Poor

By James Maxwell With the publication of the 2012/13 GERS figures this morning, the fiscal case for Scottish independence has ‘collapsed’. Or so says Iain Gray, Scottish Labour’s shadow finance secretary. The reality, as ever, is rather different. GERS shows… Read More ›

Supple Minds

‘The independence referendum is, in a stark way, beginning to reveal the real lines of power and authority inside the UK’ writes the  NEF’s James Meadway The referendum on Scottish independence is provoking political convulsions in Westminster. With polls showing… Read More ›

Missing The Risk

by Jim Cuthbert   Section 1: Introduction. The Office of Budget Responsibility, (OBR), was created by George Osborne in 2010, with its main duty being to examine and report on the sustainability of the public finances. Central to the OBR’s… Read More ›

Do Nothing Eddie

By Jamie Maxwell Scottish Labour is fond of highlighting the regressive elements of the SNP’s economic policy. Alex Salmond has signed his party up to corporation tax cuts, monetary union (tying an independent Scotland to a “sub-optimal currency zone” which,… Read More ›

Poverty Myths

By David Eyre In a recent column for The Scotsmani, the former Labour minister Brian Wilson highlights important research from the Joseph Rowntree Foundation, showing how people’s attitudes to poverty have changed over the years. I want to look at… Read More ›

Escher Politics

By Mike Small Under pressure from those who feel soiled by sharing a platform with the Tories (though oddly feel no problem in them running our country with no mandate) Labour today launch their very own No campaign: ‘Better Together… Read More ›


By Daniel Wylie The recent debate over the currency to be used by an independent Scotland has been drearily familiar.  The Yes camp point to the report of the Scottish Government’s Fiscal Commission and claim that the case for a… Read More ›

Relentless Egalitaliarism

In what is (slightly comically) known as my ‘spare time’ I am Secretary of the Scottish Independence Convention. We issued a statement celebrating the date being set for Independence Day, and stated that the Scottish Independence Convention believes this is… Read More ›

Hard Money

By Callum McCormick Venezuela’s announcement on 8 February of an immediate currency devaluation was neither unprecedented nor unexpected. Despite government officials’ repeated insistence they were not considering it, most Venezuelans accepted that devaluation had become a grim inevitability. With inflation hovering… Read More ›