THE Scottish Government’s latest figures show our economy to be stumbling towards a recession, while that of the rest of the UK shows modest growth. No-one should doubt the seriousness of the situation. The main difference between the Scottish economy and those of other UK regions is that only Scotland faces the uncertainty of the threat of a further referendum on secession.
The danger of this threat has been apparent since the 2014 referendum, when the SNP failed to grasp the opportunity to create stability by abandoning its policy of independence in line with the wishes of the Scottish people. It has become even more so since Nicola Sturgeon chose to add yet greater uncertainty to that of Brexit by unilaterally declaring her intention for another referendum.
It is well documented in Canada how businesses have shunned Quebec and turned increasingly to cities like Toronto as they make investment and expansion decisions – again because of the threat of secession. Scotland faces the same fate unless independence is put to bed indefinitely.
There is still a course of action which the First Minister can take which will offer hope for businesses in Scotland: she can put country above party and call off her dogmatic and blinkered pursuit of independence. To do so would take enormous courage and real qualities of leadership, and would cost her the support of the most fanatical of her supporters. However, it would gain her the admiration of even her most sceptical of critics, and – above all – would save the jobs and livelihoods of hundreds of thousands of Scots, now and in decades to come.
Peter A Russell