Many countries have shown great success after independence, particularly in terms of GDP growth and developing their own currency. Overall, it can be suggested that full independence would have contributed to greater GDP growth for Scotland than devolution.
All you need to know about Scotland's economy, its finances, independence and Brexit.
A review of polls at January 2021 shows increasing support for independence, possibly due to Brexit.
There’s a multitude of reasons why people aren’t in favour of independence. We take a look at them including the economy, borders, currency, whether there is real benefit to the union.
This is the three times a year report on the Scottish economy in an international context.
The economy of Scotland had an estimated GDP of $205 billion in 2020. This includes oil and gas extraction in Scottish waters. Scotland's economy has been closely aligned with the economy of the rest of the UK) and England has been its main trading partner. In 2017, Scotland's exports totalled £81.4 billion, of which £48.9 billion (60%) was with rUK, £14.9 billion with the EU, and £17.6 billion with other parts of the world.
Economic theory shows that the decision for a region to remain in a country (or a union) or to secede results from a trade-off between the benefits of being part of a large country, and the costs associated with more heterogeneity. Literature confirms the importance of these trade-offs and shows that decentralization may be effective to accommodate secessionist conflicts only if certain conditions are fulfilled.
Scotland is economically viable as it has natural resources, a skilled population, strong trading relations, excellent industrial sectors and products, and a well developed financial sector.
With every passing election, Scotland seems to move closer to independence. Investment Monitor explores the obstacles the country would face should it leave the UK.
Independence is about the right of people in Scotland to decide their own future
We’re the ideal size
Scotland is a wealthy nation with a big economy
We’re educated and talented
We have extraordinary energy resources
We export high quality produce and goods
We are at the cutting edge of the industries of the future
We’re big enough, rich enough and smart enough – even opponents of independence believe so
, we have drawn together leading experts to examine the key issues, opportunities and challenges surrounding the prospect of independence. Much has changed since the 2014 referendum – most notably, the UK’s decision to leave the European Union. By providing factual information and impartial analysis, we hope that the book can support citizens to engage in debates and make up their own minds about Scotland’s future.
This book is the first serious study of the likely road to independence, and the consequences for the Scottish people and the Scottish economy. Scottish Independence starts with a detailed guide to the stages along the route to independence and goes on to analyse the legal, political and economic consequences.It asks key question
A poll for Prospect Scotland found that 75% of Scottish voters would vote for independence if they felt that the economic plan for an independent Scotland meant we would be better off.
No new oil and gas fields can be approved for development. Given the right policies, a just transition can generate more than three jobs in clean industries for every North Sea oil job at risk
"We make the case for maximum devolution of power and responsibility possible at any time, particularly in areas such as the economic levers and business policies. In turn, this will allow a Scottish Government to boost economic growth."