economy

The UK has "squandered" it's oil wealth and it is "imperative" an oil fund is set up now to secure the wealth that remains under the North Sea for future generations according Nobel prize winning economist Joseph Stiglitz.

New figures from the UK Government show the recession in Scotland was less severe than across the rest of the UK.

Responding to the latest Scottish Retail Statistics, Linda Fabiani MSP has echoed warnings by Scottish Ministers that the lack of a fiscal stimulus programme risks tipping the Scottish and UK economies back into recession.

More nats at the General Election will help to protect Scotland from secret Tory cuts.

Chancellor Alistair Darling has admitted that Labour are planning spending cuts "tougher and deeper" than those implemented by the Conservatives in the 1980s.

Angus MP, Mike Weir, has accused the UK government of having "warped priorities" as they push through tax changes that will be disastrous for the rural economy in Scotland.

A group of leading economists have attacked Tory plans to cut public spending after the General Election.

SNP Treasury Spokesman, Stewart Hosie MP, has seized on comments made by the Prime Minister Gordon Brown at his monthly press conference today (Monday) where he warned that removing stimulus from the economy risked a double-dip recession.

The SNP has highlighted an analysis of the latest official statistics, which shows that Scotland has a greater wealth per head than the UK average and that the highest growth anywhere in the United Kingdom was in Scotland in 2008 – the first full year of the SNP Government and also the year the credit crunch hit.

SNP Treasury Spokesperson, Stewart Hosie MP, has hit out at the UK Government after figures released by the SNP highlighted Labour’s legacy of underinvestment in the manufacturing sector and the bad decisions which made the UK’s recession longer an deeper than any other G20 country.