Scotianomics

Scottish based think tank. Champions of the #WellbeingPension and the #WellbeingEconomicApproach

[Scotianomics @scotianomics]

📢Out today: what is the Wellbeing Economic Approach and how do we know its working?📢

This report defines the #WellbeingEconomicApproach and measures it through the Scotianomics Wellbeing Index, ranking 33 OECD countries

📗Full report: https://t.co/ATflDt1j7p

[Scotianomics @scotianomics]

Economists must be careful, as things improve, not to announce victory too soon or we risk sowing more distrust and alienation.

[Scotianomics @scotianomics]

The disconnect between 'experts' and the public is summed up in today's recession discussion. Millions of families have been living in a personal recession for months, suffering under the strain of rising prices and falling living standards.

[Màiri McAllan @MairiMcAllan]

This broad and strategic portfolio will focus on seizing the enormous opportunities of our future green economy - tackling climate change, creating green jobs & delivering sustainable economic growth, with the wellbeing of our people at its heart.

Delighted to get to work. 🏴󠁧󠁢󠁳󠁣󠁴󠁿

[Scotianomics @scotianomics]

We are pleased to see the appointment of @MairiMcAllan as Cabinet Secretary for Wellbeing Economy, Net Zero and Energy. We look forward to working together as Scotland's makes great strides towards a #wellbeingeconomy 🌍

[Scottish Government @scotgov]

(@MairiMcAllan) has been appointed as Cabinet Secretary for Wellbeing Economy, Net Zero and Energy.

[Scotianomics @scotianomics]

Moving to a 4-day work week has been shown to:

⬆️Increase productivity
⬇️Decrease stress, burnout and sickness
⬆️Increase employee wellbeing and firm revenues

Hopefully a government pilot will inspire the private sector to test 4-day weeks.

[STV News @STVNews]

The Scottish Government has launched a trial of a four-day working week to test whether the practice could be rolled out country-wide.
https://t.co/XbwgXA37ps

[Gordon MacIntyre-Kemp @GMKTweets]

Life expectancy in Scotland is falling and given the UK's rising inequality and general lack of social mobility, that will be a continuing trend until we accept we need to redesign the economic system!

[Scotianomics @scotianomics]

Creating a wellbeing economy means enhancing wellbeing at all levels. That is why we champion the #WellbeingPension of £235 per week for every pensioner.

People in retirement should be able to live with dignity. It's as simple as that.

[Gordon MacIntyre-Kemp @GMKTweets]

We need an economic system that focuses on protecting the wellbeing of society – not the just wealth of shareholders. #WellbeingEconomy https://t.co/C9waGh25eK

[Scotianomics @scotianomics]

Providing a route into the labour force for parents and caregivers, through full funded childcare and social care systems, is essential for boosting productivity and overall wellbeing.

[Scotianomics @scotianomics]

Interesting paper by @OBR_UK showing how the decline of "looking after family/home" as a reason for economic inactivity has come to an end post-pandemic - the same story appears true for Scotland.

[Office for Budget Responsibility @OBR_UK]

Ever wondered how the trend in inactivity due to looking after family and home has changed?

Find out more in our latest article: https://t.co/GyC9qw38Hs

[Scotianomics @scotianomics]

We return to the woods with a slight uptick in inflation for December.

This rise being driven mostly by increased alcohol and tobacco prices, leaves core inflation flat and ends the discussion around rates cuts in the near term.

[Scotianomics @scotianomics]

Whisky is an industry we sometimes take for granted in Scotland but this report shows just how important it is to our country, economy and national story.

🔵77% of our food & drink exports
🔵26% of UK food & drink exports
🔵2% of total UK goods exports

Something to be proud of.

[Scotch Whisky Association @ScotchWhiskySWA]

From production to people, #ScotchWhisky has a measurable impact on our economy - and our team have crunched the numbers to find out what Scotch means for Scotland and the UK for our latest Economic Impact Report. 🥃 Read the full report at 🔗 https://t.co/o8ex1eddZL

[Scotianomics @scotianomics]

Scotland needs land reform. The value of land is a function of its location and scarcity, neither is determined by improvements made by the owner. The current system rewards landowners for sitting on unimproved land.

If we are serious about land reform, this must change.

[Future Economy Scotland @FutureEconScot]

“Land is Scotland’s most important asset. It’s time to start treating it as such.”

Read our latest blog by @L__Macfarlane on the challenges the forthcoming Land Reform Bill should seek to address. https://t.co/waOUVtMDxt

[Scotianomics @scotianomics]

Creating a #WellbeingEconomy is about more than just Scotland's financial position.

In this weeks wellbeing newsletter @GMKTweets dicusses how we can write a compelling new story for the Scotland we want to build. ⬇️https://t.co/76gcA4gO2m

[Giles Wilkes @Gilesyb]

OK, so while I applaud CX for devoting scarce fiscal space to boosting business investment, am slightly narked by the graphcrime in progress so thought a short thread in order. This chart looks accurate, but ... 1/

[Scotianomics @scotianomics]

Excellent paper from @NIESRorg showing that the negative effects of Brexit on the UK economy are set to worsen, rather than improve over time.

By 2035, UK real GDP is estimated to be 5-6% lower than in a non-Brexit scenario, due to increased trading costs and lower productivity

[National Institute of Economic and Social Research @NIESRorg]

November - #NIESRHighlights2023 ⬇️ 🚨

The decision to leave the #EuropeanUnion has significantly shaped the UK economic landscape. Four years on from the UK's official departure, we examined #Brexit's economic effects 🇪🇺 🇬🇧

Read the full paper 🔓
https://t.co/KvZfyHt29v

[Gordon MacIntyre-Kemp @GMKTweets]

My latest column on #WellbeingEconomy in The National - Co-existence of consumer culture and wellbeing is a question this Christmas https://t.co/Zr7W19rX3q

[Scotianomics @scotianomics]

CPI inflation has slowed to 3.9%, however core inflation (that is CPI excluding volatile items such as energy and food) remains stubbornly high at 5.1%.

It is clear that the UK economy isn't out of the woods yet.

[NEF @NEF]

🚨NEW: The government's levelling-up project has failed.

Our analysis shows how families across the country have gotten poorer since 2015 - with people in the North East hit the hardest.

[Scotianomics @scotianomics]

This a very welcomed move by @scotgov. Setting out a clearly defined goal for creating a #WellbeingEconomy will give policy makers something to aim at and a framework to create needed change.

[Scot Gov National Performance Framework Team @ScotGovOutcomes]

We're consulting on legislative proposals for a Wellbeing and Sustainable Development Bill that would ensure decision making is focussed on achieving the National Outcomes - for current and future generations. Take a look 👇 https://t.co/ur485Pk7JC #ScotlandsWellbeingFramework

[Scot Gov National Performance Framework Team @ScotGovOutcomes]

We're consulting on legislative proposals for a Wellbeing and Sustainable Development Bill that would ensure decision making is focussed on achieving the National Outcomes - for current and future generations. Take a look 👇 https://t.co/ur485Pk7JC #ScotlandsWellbeingFramework