The British government is expecting the entire UK economy to dive four times deeper over the 15 years after Brexit than it did during the last recession. Will it recover, we might ask, after those first 15 years are over? No. There is no reason to imagine it will. Removed from the wider European bloc, it is likely that over a protracted period the British economy will sink to a new normal. This much was predicted some time ago by arch Brexiteer Jacob Rees-Mogg when he admitted that the recovery after Brexit may be 50 years down the line.
Why would a Scottish recession excite the British media and why were so many Scottish unionists itching for news that we had gone into recession? We don’t really have to answer those questions. The answers are quite obvious.
Follow @UrFhasaidh Last month the Irish Sunday Independent declared that the Irish economy was turning, and that serious money was being made. This was the paper’s sales pitch for its rich list issue. What it failed to mention was that money, serious money, has never stopped being made by Ireland’s richest people, and neither did … Continue reading Ireland’s Rich List: Measuring the Sickness of a Nation