BBC News – Scottish independence: Common Weal urges different economy

Pound coinsThe Common Weal challenge has advisable a excessive-wage economy with larger taxes

Scotland ought to embrace a shorter working week, larger wages, an expanded welfare state and better taxes, based on a brand new blueprint.

The one hundred eighty-web page booklet, produced by the left-wing Common Weal venture, recommends a rejection of “excessive market economics”.

Many of the concepts included within the work depend on Scotland voting for independence in September’s referendum.

But the authors say a number of the agenda might be delivered underneath devolution.

Packaged as a simplified model of fifty detailed papers written by teachers from all over the world, the e-book, revealed by the Jimmy Reid Foundation, advocates “sensible realism” and consists of insurance policies borrowed from Germany and Scandinavia.

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For 35 years we have been advised there isn’t any various to the free-market politics of Thatcher, Blair and Cameron”

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Robin McAlpine
Jimmy Reid Foundation

The authors say though the work just isn’t “impartial” when it comes to the independence debate, it’s introduced as a “mannequin of Scotland’s future regardless of the result of the referendum”.

Among the primary suggestions are:

  • a excessive-talent, excessive-wage economy and a 30-hour working week
  • An expanded welfare state with common public providers and an enlargement in reasonably priced housing
  • A minimal revenue for all
  • Raising the 40p revenue tax fee to 50p, and the 45p fee for these incomes greater than £one hundred fifty,000 to 60p
  • Higher taxes on land, business, retailers and whisky manufacturing
  • A new £5bn nationwide funding financial institution to create £100bn in business funding over 20 years

Robin McAlpine, director of the Jimmy Reid Foundation, advised BBC Scotland the goal of the Common Weal challenge was about “seeing that there’s a different solution to run your politics”.

He stated: “The battle mannequin which has dominated UK politics has labored badly for Scotland; it has created inequality, poverty and financial underperformance.

“We have to take a position to develop the economy and to vary the character of the economy.”

‘Turning level’

He added: “For 35 years we have been advised there isn’t any various to the free-market politics of Thatcher, Blair and Cameron.

“For 5 years we have been advised that no-one actually is aware of the best way to scale back inequality in Scotland and make us extra Nordic. And for the final yr we have been advised that no-one actually is aware of what to do with the powers of independence, so why hassle.

“Nobody can say this stuff anymore. There are an terrible lot of individuals on the market who hope this marks a turning level in Scotland’s trendy historical past.”

The referendum takes place on 18 September, with voters being requested the Yes/No query: “Should Scotland be an unbiased nation?”

Deputy First Minister Nicola Sturgeon welcomed the publication of the paper.

She stated: “As the Common Weal publication makes clear, Scotland is prepared for change and independence is the one method to safe a greater future for the individuals of Scotland.

“With the complete set of financial and monetary levers, independence would unlock Scotland’s full potential as a vibrant and dynamic economy and a fairer society.

“We welcome the contributions that Common Weal and different unbiased organisations are making to the dynamic and constructive debate that’s encouraging individuals in Scotland to think about a greater future.”

M eleven:fifty nine am – Source: bbc.co.uk
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