Economics rss

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 ›

Tax Haven Toolkit

No, it’s not a DIY guide to looting your country’s wealth but an activists kit to present the case for Tax Justice to folk in your own community.  When a swimming pool or library shuts, public sector staff are laid off,… Read More ›

Just Say No

By Mike Small The start of the No campaign came after a month-long trail of visceral criticisms of the Yes Scotland launch. With a gushing media presence at the ready the packed room was led by ex Chancellor, Alistair Darling…. Read More ›

The Poverty of Imagination *

By Tom Jennings The UK’s soporific slide deeper into fiscally-imposed structurally-readjusted barbarity, without much in the way of disturbance to putative social peace, has now been thoroughly punctured. First the exuberant Lethal Bizzle of EMA kids prompted their university ‘betters’… Read More ›


By Mike Small Curious George Lyon has having a go at the annual parlour game called ‘Mibbes Aye, Mibbes Naw’ in which an independent Scotland’s membership of the Euro, the EU or the Eurovision Song Contest is called into question…. Read More ›

Our Tory Rulers

By Mike Small The responses to the financial violence of the banking coup has been massive – a whole new movement has been created (#UKUncut to name just one) – and a whole generation has been politicised or radicalised by… Read More ›

Why Iceland Should Be in the News But Is Not

The 2008 world financial crisis was terrible for Iceland. At the end of the year the country declared bankruptcy. Contrary to what could be expected, the crisis resulted in Icelanders recovering their sovereign rights, through a process of direct participatory democracy that eventually led to a new Constitution….

Rorschach England

This has been England’s Rorschach moment, where the collective bile against the underclass that 30 years of neoliberal policy has created comes to the surface. Where exactly did the rioters get the idea that there is no higher value than acquiring individual wealth, or that branded goods are the route to identity and self-respect?

Paul Jorion

This courtesy of the ever brilliant Frankly : The systemic crisis experienced by major economies has drawn attention to the shortcomings of current market practices. Generating as much poverty as growth and as much hidden risk as profitability, these practices… Read More ›

The Flottila Effect

Small countries would never be able to survive the coming economic storms, right? We need to cling on to great stable financial states like, er the USA and the UK, er, right? The potential economic benefits of Welsh independence have… Read More ›