Articles

It's time for Scotland to tax the energy giants - £7.6bn in profit for Shell in first three months of 2023

Quarter 1 of 2023 has seen Shell add to its already enormous profits from 2022. This week the oil and gas giant reported that in the first three months of the year it recorded stronger than expected profits of £7.6bn. This is higher than its figure from the same period last year despite a slight fall in energy prices. A slip in the price of energy also doesn’t seem to have affected Shell's main rival BP much either, the company boasted first quarter profits of £4bn.

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UK Government policy is causing a population crisis in Scotland

The Scottish Fiscal Commission recently released its Fiscal Sustainability Report and it makes clear that if Scotland remains part of Brexit Britain, the Scottish population will dwindle by almost half a million by 2073. The report serves a similar purpose to the UK Government’s Office for Budget Responsibility ‘Fiscal Risks and Sustainability Report’, in that it attempts to provide a long term forecast of Scotland’s finances and its economic outlook. Within the report, the Fiscal Commission forecasts changes in the Scottish population for the next 50 years. Due to low birth rates, the Fiscal Commission forecasts that the population of Scotland will fall by approximately 400,000 by 2072-73. 

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"This is what failure looks like" Scottish workers are £11,000 worse off after 15 years of stagnation

New research by the Resolution Foundation shows workers in the UK are £11,000 worse off a year after fifteen years of stagnation. It comes as the OBR warned that UK households face the biggest fall in living standards since records began, with real household disposable income (income adjusted for inflation) expected to fall by 6% between from this year to the next.

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SNP leadership candidates respond to Business for Scotland's 10 key questions

Last week Business for Scotland wrote on behalf of our members to each of the candidates for the SNP leadership asking them to answer ten key questions about the economic policy, relations with business, EU membership, and independence. We would like to thank the candidates not only for their time and effort to respond within a tight deadline but also for calling to discuss our priorities in detail whilst also traversing the country attending hustings after hustings.

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