Tuesday, June 04, 2013
BETTER NOT TOGETHER
A day to say yes
From 1990 - 2011:
UK industrial production fell by 1.2%.
US industrial production grew by 50%
Austrian industrial production grew by 100%.
Jim and Margaret Cuthbert, two former top UK government economists, have produced a study entitled The UK Economy: a strong and secure UK?
The Mismanagement of Britain / London calling (the shots)
According to the Cuthberts:
The UK has a low-wage, low-skill economy.
London sucks in people and investment and holds back growth elsewhere.
In France's most prosperous region, GDP per head is twice that of its least prosperous region.
But in London GDP per head is 4.7 times the level found in the UK's least prosperous region.
Imagining Victory: Scotland Votes Yes...
Scotland would be wealthier if it was independent.
The UK economy has been very badly managed by London.
In Scotland, skill levels and higher education are world class.
But, the better educated Scots tend to move to London or emigrate.
According to Professor Mike Danson, professor of enterprise at Heriot-Watt University:
The resilience of Germany and the Nordic countries to the recession is "in stark contrast to the hollowed-out industries of the UK where the promotion and protection of business, finance and consumerism have imbalanced the economy to the detriment of the regions outwith London and the southeast.
"Scotland needs to pursue its own course."