Growth Commission

The Sustainable Growth Commission was an economic commission, founded in 2016 by First Minister Nicola Sturgeon to make recommendations to the Scottish Government on economic policy. In 2018 it published a report on the economy and finances of an independent Scotland, making 50 recommendations. The reception of the report was at best lukewarm. The most serious and elemental blunder is the recommendation that an independent Scotland should continue to use the British Pound. Richard Murphy at Tax Research UK described five catastrophic problems that would cripple an independent Scotland: 1) Scotland will have no control over its money supply after independence; 2) it will have no control over its interest rate; 3) if London decides to trash the rUK economy to support The City, or some other cause, Scotland will go down with it; 4) all the negative impacts of Brexit will be imported directly into the Scottish economy and 5) Scotland will effectively have to earn the currency of another state to service its debts. Pretty damning stuff which says there is a lack of vision and the Scottish Government doesn't really know what it's doing.