Graeme Roy is joined by colleagues Emma Congreve and Stuart McIntyre to talk about what we know so far about the impact of the pandemic on the labour market and household finances and what may happen in the next few months.
The Addleshaw Goddard Scottish Business Monitor, produced in partnership with the Fraser of Allander Institute shows that as lockdown restrictions begin to ease and the economy starts to open back up, sentiment amongst the Scottish business community is showing some tentative signs of improvement. However, the overall outlook remains challenging.
Today we had new Scottish GDP data for the month of May released. [It’s the Glasgow Fair today(!), so we’ll keep this update short.] Unsurprisingly, the figures show that the economy remained in a high state of lockdown that month. Figure 1: Headline Scottish GDP to May 2020 Source: Scottish …
How should a wealth tax be designed? What and who should be taxed in principle, and would this be feasible in practice? And, given the interest in devolving greater revenue responsibility to the Scottish Parliament, would a wealth tax be suitable for devolution? This article considers some of these questions.