News Archive

16/6/2025

Podcast - Financing the UK Energy Transition with Deloitte

Accelerating the UK's transition to a low-carbon energy system will require substantial investment—much of which must come from private capital.   Energy providers, investors, policymakers, and consumers each have a critical role to play in ensuring that investment in low-carbon infrastructure and technology scales up rapidly enough to meet the UK's net zero targets.  

16/6/2025

New Scottish Technology Council

An expert group will assist Ministers on how to maximise the economic benefits of Scotland's multi-billion technology sector.   A new Scottish Technology Council will help shape policy, provide a link between businesses and the Scottish Government and promote Scottish tech companies on the international stage.  

16/6/2025

 
Almost all the economics taught, and which informs our politics, is completely rubbish

Economics, as it is now taught, is almost total rubbish.   No wonder the world is in a mess when political decisions are based on this nonsense..  

16/6/2025

Adam Smith Inst - Only 1 in 20 Think Taxes Are Well Spent

The Adam Smith Institute commissioned its partner organisation, Adam Smith Insights, to conduct a nationally representative poll of adults in Great Britain.   The polling showed that only 5% of Brits believe that their taxes are well spent, with over half of Brits saying that taxes are too high.  

16/6/2025

SQA publishes new guidance on use of Artificial Intelligence in qualifications assessment

SQA has published guidance on acceptable use of Generative Artificial Intelligence (GenAI) tools in assessments for the 2025-26 session.   GenAI tools may be used where they do not undermine a learner's ability to demonstrate the knowledge, understanding, and skills required for assessment.  

16/6/2025

Insolvency-related activity in Scotland hits 29-month high

Insolvency-related activity in Scotland hit a 29-month high in May 2025, according to new research from R3, the UK's insolvency and restructuring trade body.   R3’s analysis of data provided by Creditsafe shows there were 141 cases of insolvency-related activity in Scotland in May - the highest number on record since December 2022’s figure of 142.  

15/6/2025

The UK's small businesses should be fuelling the country's growth ambitions. Here’s why that’s not happening

The UK government's spending review has set out its priorities for the next three years.   But behind the rhetoric about boosting growth lies growing concern about small businesses being locked out of the wider UK economy.  

15/6/2025

It's time to stop debating whether AI is genuinely intelligent and focus on making it work for society

Half of entry-level white collar jobs might cease to exist in the near future, according to Dario Amodei, the CEO of leading AI company Anthropic.   Amodei, whose company is behind the Claude platform, has since called for transparency standards requiring companies making AI models to demonstrate how they are handling risks such as the AI enabling cyberattacks or helping to make bioweapons.  

15/6/2025

Britain is turning into a National Health State, as lower-income families gain most from Spending Review

The British state is slowly turning into a National Health State.  With half of all public-service spending set to allocated to health and social care by the end of the decade, according to the Resolution Foundation's overnight analysis of Spending Review 2025.  

15/6/2025

The political opportunism behind Reform UK's support for abolition of the two-child limit on benefits

The leader of Reform UK, Nigel Farage, recently announced that if in government, his party would abolish the two-child limit on benefits.  This social security policy restricts the payment of means-tested benefits to the first two children of a family.  

15/6/2025

The UK is gearing up for autonomous warfare - but missing the reality of war today

The UK is facing a security crisis.  Great power competition has returned, and the threat of hostility from Russia, China, Iran and North Korea is increasing.  

15/6/2025

Where should governments spend your money? The impossible maths of political and moral decisions

Whenever the UK government decides to spend public money on a new project, it needs to weigh up the costs against the value of the benefits it hopes to achieve.  And it's rarely a simple calculation.  

15/6/2025

Spending review delivers big boosts for health and defence - but Rachel Reeves is focused on investment

UK chancellor Rachel Reeves has delivered the government's spending review, setting out its plans and priorities for the next three years.   The aim of the review is of course to allocate spending over that time period - but this government is keen for economic growth and so has directed the funds to try to boost GDP.  

15/6/2025

Boosting university spin-outs - Capitalising on Scottish innovation, ideas and expertise

New initiatives taking advantage of Scotland's world-class reputation as an innovation nation have been announced by the Deputy First Minister Kate Forbes.   Three projects, backed by £4.4 million, are designed to help turn ground-breaking research across the country's universities and colleges into high-growth businesses that create jobs and support economic growth.  

15/6/2025

Why is Britain's economy so unhealthy? - The Spectator

The Spectator's economics editor Michael Simmons is joined by the outgoing boss of the Institute for Fiscal Studies Paul Johnson and the CEO of the Resolution Foundation Ruth Curtice to understand why Britain's economy is in such a bad place.   Given it feels like we are often in a doom loop of discussion about tax rises, does this point to a structural problem with the British economy?.  

15/6/2025

Disappearing Babies As UK Economy Falters - A Brief Look

The UK's fertility rate has fallen to around 1.44 children per woman in England and Wales—the lowest on record—and even lower in Scotland at about 1.3.   Raising a child in the UK is no small financial feat! According to recent estimates, the cost of raising a child to age 18 is around £260,000 for a couple and £290,000 for a lone parent.  

15/6/2025

Nuclear energy is a risky investment, but that's no reason for the UK government to avoid it

The UK government's investment of around £14 billion in a new nuclear power plant marks a big economic shift for the country's approach to energy.   The Sizewell C plant in Suffolk will be the second of a new generation of reactors to be built in the country, after Hinkley Point C in Somerset, which is expected to open in 2031.  

15/6/2025

 
Number soup on Spending Review day from all sides

The Fraser of Allender Institute weekly review tackles the Spending Review from Rachel Reeves.   One of the roles we play on a day with big fiscal announcements is to explain all the numbers flying about from different politicians - to set out which numbers are illuminating, and which are misleading.  

15/6/2025

UK looks to military gap years to boost recruitment in the face of growing geopolitical tension

The UK government recently endorsed proposals in its strategic defence review to consider the creation of military gap years for young people in the UK.   It would potentially be similar to a scheme offered by the Australian Defence Force.  

15/6/2025

The End of Light Goods Vehicle Acquired Rights

Over the past year the Office of the Traffic Commissioner has been working with the 293 operators who relied on a transport manager that holds an Acquired Rights Certificate of Professional Competence (CPC) for light goods vehicles.   As the certificate could only be used to satisfy the professional competence requirements on an operator's licence until 20 May 2025, it was important that they had a suitably qualified person specified on their operator's licence before this date.