Building a New Scotland: A stronger economy with independence

This paper sets out the Scottish Government’s proposals for the economy of an independent Scotland. It explains what these proposals would mean for you, for businesses, and for Scotland as a whole. It is the third in the 'Building a New Scotland' series, focusing on independence.


Acronyms

BERD

Business Enterprise Research and Development

BPCfS

Business Purpose Commission for Scotland

CCS

Carbon capture and storage

CTA

Common Travel Area

DMO

Debt Management Office

EU

European Union

EY

Ernst & Young, trade name EY

FDI

Foreign Direct Investment

FSB

Federation of Small Businesses

GDP

Gross domestic product

GEM

Global Entrepreneurship Monitor

GERS

Government Expenditure and Revenue Scotland

GVA

Gross value added

GW

Gigawatt

HM

His Majesty (as in His Majesty’s Treasury)

IMF

International Monetary Fund

IPPR

Institute for Public Policy Research

IT

Information technology

ITL

International Territorial Level

NMW

National Minimum Wage

NRS

National Records of Scotland

NSET

National Strategy for Economic Transformation

OBR

Office for Budget Responsibility

OECD

Organisation for Economic Co-operation and Development

ONS

Office for National Statistics

rUK

Rest of UK (without Scotland)

SCDI

Scottish Council for Development and Industry

SFC

Scottish Fiscal Commission

SME

Small and medium-sized enterprises

TCA

Trade and Cooperation Agreement

TEA

Total early-stage entrepreneurial activity

UK

United Kingdom

US

United States

USA

United States of America

VAT

Value-added tax

Contact

Email: ConstitutionalFutures@gov.scot

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