Average weekly earnings in Scotland are lower than they were in 2008

Scotland needs a new economic strategy that meets the scale of the challenges we face

Read our latest blog: futureeconomy.scot/posts/51-scotl…

Great piece from Laurie, lots to reflect upon. We deliver success in the 21st Century by using outdated and failed models from the 20th. Need investment in skills and new areas of the economy- a just transition benefits everyone and underpins a successful future for Scotland

“At a time when industrial policy is making a return globally, Scotland cannot transform its economy using the policy playbook from the 1990s”

Read our new blog on the challenges facing Scotland’s new first minister: futureeconomy.scot/posts/51-scotl…

Because things like institutions, history, culture and power all matter, even if some economists like to pretend they don’t

Average earnings in Scotland haven’t recovered since the financial crisis.

One of many sobering insights in Laurie Macfarlane’s excellent blog post.

Whoever takes over as Scotland’s first minister faces a sea of troubles but behind most of these lies a single fundamental problem — the economy isn’t working.

Excellent piece by Laurie Macfarlane Future Economy Scotland
futureeconomy.scot/posts/51-scotl…

Central bank digital currency has one benefit that is rarely discussed: it could increase the seigniorage profits flowing to the public purse rather than to commercial banks. First made this point in 2017 whilst at NEF - great to see Positive Money Simon Youel revisiting it.

NEW: Average weekly earnings in Scotland are £10 lower than they were in 2008

If real earnings had grown in line with previous trends, today they would be £286 a week higher – equating to nearly £15,000 per year

“Whoever becomes Scotland’s new first minister will face no shortage of challenges. Lurking behind many of them lies a common cause: an economy that is not working.”

Read the new blog by Laurie Macfarlane.

Scotland’s economy faces a profound series of challenges. To address them, the next first minister must move beyond old orthodoxies

Read our new blog from Laurie Macfarlane futureeconomy.scot/posts/51-scotl…