Instead of current growth rates that trail the rest of the country, Scotland ten years into independence could out-perform the UK, the report claimed.If an independent Scotland reduced taxes, cut spending and created a business-friendly environment, the country's growth rate over a five-year period could move from 1.7 per cent to Ireland's 7 per cent, he said.
The paper, Independent Scotland: The Road to Riches by international economist Gabriel Stein of Lombard Street Research, found that from 1992 to 2004, Scotland's gross value added growth was only 87 per cent of that of the UK.
If an independent Scotland reduced taxes, cut spending and created a business-friendly environment, the country's growth rate over a five-year period could move from 1.7 per cent to Ireland's 7 per cent, he said.----------------------------------------
This is almost exactly what the 9% Growth party have been saying (though we say that building enough inexpensive new nuclear can push it up to 9%) & indeed what I was expelled from the LibDems for saying. However if we get the setting of corporation tax rates devloved to us & I see no reason why we can't, then we can do all this with or without separation.
Equally we might get separation & a government supported by the Greens & S&SSP - a scenario for which the word "desperate" would be inadequate.
If the 9% Growth Party do not do well in Glasgow it is that much more likely that the SNP activists will be able to pull them in a leftward direction.
9% GROWTH PARTY is committed to long term growth at a rate reaching 9% per annum. Experience with the world's most successful economies shows that this can be achieved by ideas close to those of the founders of Liberalism. We also believe that virtually all economic progress follows from scientific & technological progress, that high technology is inately more efficient & thus less polluting & that scientific progress embodies the best of the human spirit.
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