Hilary Long: GDP is no match for happiness
CommonSpace columnist Hilary Long looks at New Zealand’s move away from economic growth to a “wellbeing budget”, and how Scotland could tackle its deep-seated social and economic problems and become a happier society by doing the same
I LISTENED with interest to Jacinda Ardern, New Zealand’s Prime Minister, speaking about her national budget and how spending will be dictated by what best encourages “the wellbeing of citizens” rather than based on productivity and economic growth.
Richard Lane: The sanctity of growth is blocking our future
Contributing to our special week of coverage on the Climate Emergency, Richard Lane from Extinction Rebellion Glasgow says that if the economic bottom line continues to be growth, climate action will not get close to tackling the extent of the ecological crisis we face
Robin McAlpine: An investment-led economy offers hope for an independent Scotland
Common Weal Director Robin McAlpine introduces a new policy paper on an investment-led economy, which would offer the security, stability and sufficiency needed to persuade people of change.
The future is often the realisation of the stories we tell ourselves today; tell a confident story and you have more chance of living in a confident future. The report Common Weal has launched today is our confident story about a post-independence Scottish economy.
The Scottish economy lost £9.2 billion from financial outflows in 2017, think-tank finds
Fraser of Allander and Common Weal raise questions about the benefits of foreign direct investment, which the Scottish Government has said is a “key priority”
THE Fraser of Allander Institute has found that £9.2 billion of economic value created in Scotland, equivalent to 5.5 per cent of Scottish GDP, left the country in 2017, leading to questions being asked about whether Scotland really benefits from extensive foreign ownership of its economy.
How is Scotland reacting to the latest GERS figures?
From Brexit, to independence, to sustainable energy, the latest figures on Scotland’s revenue, expenditure and deficit are sparking debate
THE ANNUAL Government Expenditure and Revenue Scotland (GERS) released today (22 August) has served to underline vastly differing views on the economy and where it is and should be headed.
The report, published by the Scottish Government, shows that Scotland’s public sector revenue, including from its geographic share of the North Sea, was £59.6bn in 2016/17 - £1.3bn of which was North Sea revenue.
Robin McAlpine: 'Your bloody GDP, not ours' - why the Growth Commission might not change minds
Common Weal director Robin McAlpine argues that if the SNP’s Growth Commission on the economics of an independent Scotland plums for a New Zealand high-growth model, they will have a tough job selling it to the public
IN THE wake of the first news from the Growth Commission (that New Zealand is the new nirvana) there seems to be an expectation that this is going to be some kind of battle with Common Weal. I don't want to encourage that kind of thinking if it can be avoided.
Brexit will ‘turn the clock back’ on gender equality, report finds
Gendered analysis budget experts say women will be hit hardest by Brexit
THE ECONOMIC impacts of Brexit will hit women hardest and take gender equality backwards, a report by the Women’s Budget Group and the Fawcett Society has said.
The report examines the likely impact on women of the different possible Brexit deal scenarios, an analysis which the writers say has yet to be laid out by the government.
Barclays fundamentally flawed ‘Prosperity Index’ and the need for more careful media scrutiny
Aedan MacRae, researcher with Common Weal, looks at Barclays prosperity index published and heavily covered by the UK media on Tuesday 30 August. He finds flaws in the way the findings were presented, in the data sets used and in the choice of indicators selected