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
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