Latest editorial
SCOTLAND’S overweening banking sector could leave the country “devastated” by a post-independence economic crisis, industry analysts have claimed.
The Scottish government yesterday recoiled at figures from trade publication The Banker warning that an independent Scotland could be critically exposed to a repeat of 2008’s financial meltdown, with banking assets around a dozen times the size of Scotland’s entire GDP.
Britain’s banking sector controls assets worth £5.8 trillion, roughly four times the size of GDP.
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
JOHN GREEN argues that the spreading practice of closing bank account without proof of criminality is an infringement of an elementary human right
As bus builder Alexander Dennis threatens Falkirk closure and Grangemouth faces ruthless shutdown by tax exile Jim Ratcliffe, RICHARD LEONARD MSP warns that global corporations must be resisted by a bold industrial strategy based on public ownership