Future Economy Scotland

@futureeconscot.bsky.social

A non-partisan think tank that aims to create a new economy that is democratic, sustainable and just. https://www.futureeconomy.scot

This week I gave evidence to the Scottish Parliament' on the sustainability of Scotland's tax and spending plans. A short snippet below on why the government should not just invest ScotWind revenues strategically through a wealth fund, but also take public equity stakes in future ScotWind rounds.

Future Economy Scotland@futureeconscot.bsky.social · 4w ago

More than 75% of planned ScotWind capacity is owned by parent companies outside the UK. Here our economist @jujupepe.bsky.social gives evidence to the Scottish Parliament on how Scotland could capture more of the wealth created off our coast to secure long-term returns for the people of Scotland.

Scotland’s offshore wind is one of our greatest national assets. Tomorrow, Audit Scotland will report on how the ScotWind leasing round was run - putting fresh attention on who stands to benefit from the wealth our offshore wind creates.

Income per head grew faster in Scotland in 2024 than in the rest of the UK 🏴󠁧󠁢󠁳󠁣󠁴󠁿 GDHI per head grew 7.2% to £24,283 – now 93.5% of the UK average, up from a low of 91.3% in 2018. Scotland grew faster than every UK region except Northern Ireland. 🧵