Scottish Government economic plan "contradiction with a cover"
The Secretary of State for Scotland has responded to the publication of the Scottish Government鈥檚 economic case for independence
Michael Moore said:
鈥楾his document is very disappointing for anyone hoping to find out how independence would be better for our economic future. It is negative and backward looking and does not even try to answer any of the big questions that have been asked in recent months on pensions and currency.
鈥楾his is not a plan for how independence would help Scotland. It is four chapters of contradictions with a glossy cover.
鈥業t is a contradiction to highlight how well our important Scottish industries are doing and blame it on the UK. Our oil companies, food companies and life science companies are doing well and they doing well inside a strong UK.
鈥楤eing part of the UK gives Scottish companies the best of both worlds. That is why three-quarters of Scottish business leaders think independence would be bad for their business 鈥� and they are the ones who know their business best.
鈥業t is a contradiction to highlight the fact that Scotland does two-thirds of our trade with the rest of the UK and then propose building an economic barrier right through the middle of it.
鈥業t is telling that the section on financial services does not put forward a single positive that independence will bring to this vital Scottish industry. There is no challenge to our detailed analysis published yesterday that independence will restrict the choice of mortgages, insurance and ISAs and push up costs for customers.
鈥極nce again, the fundamental flaw in their economic plan is to advocate leaving the UK so we can then try and renegotiate our way back in to a currency union with the UK, shared banking regulation with the UK, a lender of last resort with the UK and a UK pension scheme.
鈥楲ogic has taken a back seat in the drafting of this plan. The Scottish Government must do better than this: they must produce credible and robust answers to the big questions that Scots are asking about the economic impact of leaving the UK family. Glossy brochures are no substitute for hard facts.鈥�