Independence: Economy is key to debate says report

BOTH sides in the independence referendum debate need to focus on major long-term economic challenges facing Scotland, a major new report by Scotland’s leading development body argues.

The Scottish Council for Development and Industry (SCDI) is publishing three reports today on how to restore economic growth to the country.

The reports note the daunting challenges Scotland faces from its deficit, an ageing population and social inequality.

Scotland needs to find a way to boost exports in order to pay its way, the reports declare.

Writing in The Scotsman today, senior policy manager James Alexander says key questions for policy-makers ahead of the independence referendum are how to boost traditionally weak areas of performance, such as entrepreneurship, research and development investment and innovation.

Reports on energy and Europe examine how best the country can maximise overseas trade and boost the country’s oil and renewable industries.

Mr Alexander writes: “We believe the questions we have asked need to be constructively addressed to ensure the debate on Scotland’s future is as well-informed as possible.

“Looking forward, the key challenge for Scotland is to stimulate investment and economic growth.

“Both sides need to think of the long term, recognising the opportunities and constraints of an increasingly interconnected world.”

The reports come ahead of a major SCDI conference in Edinburgh on Future Growth later this week. Speakers will include both First Minister Alex Salmond and Scottish Secretary Michael Moore.