Westminster – Page 65 – The NEN

Employment up in Scotland

In a rare outbreak of agreement, both Westminster and Holyrood governments welcomed the latest employment figures published today. However Scottish Secretary Alistair Carmichael said the figures show the Westminster government is making the right choices for Scotland, while Finance Secretary John Swinney countered that Scotland would perform even better with the full powers of independence.

Employment in Scotland has increased by 12,000 over the three months from March to May, according to Office for National Statistics (ONS) data released today. The number in employment in Scotland now stands at 2,587,000.

Unemployment in Scotland increased by 13,000, to 192,000 in the period March to May 2014. The Scottish unemployment rate is 6.9 per cent, which is above the 6.5 per cent for whole of the UK.

Scottish Secretary Alistair Carmichael said: “We have seen positive developments over the year as a whole with 76,000 more Scots in employment and 13,000 fewer in unemployment. In June alone, the number of people claiming JSA fell by 4,000 and is now 35,500 lower compared to one year ago. Claimant count is now below 100,000 and at its lowest level since December 2008.

“Today’s news reminds us we need to continue creating the right conditions to get people into jobs. While it is disappointing to see unemployment rise at any time, the news comes against a backdrop of record overall employment, female employment and record private sector employment. The number of economically active people in Scotland is rising and the number of Scots claiming unemployment has now fallen for 16 consecutive months.

“This Government is making the right choices for a stable, growing economy and the jobs that come with it – those are the best choices for Scotland and the people who live here.”

Headline Statistics for the March to May 2014 quarter:

Employment in Scotland increased by 12,000 over the quarter, and increased by 76,000 over the year, to stand at 2,587,000
The Scottish employment rate remained unchanged over the quarter to 73.3 per cent. The rate is just above the UK average of 73.1 per cent
Unemployment in Scotland increased by 13,000 over the quarter and fell by 13,000 over the year. The level now stands at 192,000
At 6.9 per cent, the Scots unemployment rate is above the 6.5 per cent for the UK as a whole
Economic Activity increased by 25,000 over the quarter and now stands at 2,779,000. Also, the Economic Activity rate increased over the quarter to stand at 78.8 per cent
In June 2014, the number of people out of work and claiming Jobseeker’s Allowance (JSA) was 96,000

Responding to the latest labour market and GDP figures Finance Secretary John Swinney said: ““Today’s figures mark an important stage in our recovery.

“These positive output figures show that Scotland’s economy continues to go from strength to strength with growth of 1.0 per cent over the quarter and 2.6 per cent over the year – the fastest annual growth in over three years.

“Nearly six years on from the start of the financial crisis, our economy is now larger than before the downturn. Output in Scotland is at record levels and we have exceeded our pre-recession peak at least one quarter ahead of the UK.

“Over the last quarter the improvement in our economy has been broad-based with welcome signs of growth in manufacturing which was up 3.4 per cent and services which account for over 70 per cent of our economy up 0.9 per cent.

“Today’s output figures are supported by new labour market data which show employment has reached a new record in Scotland with our economic activity rate also hitting a record high.

“As the economy recovers more people are moving from inactivity into the labour market to look for employment. With this boost to economic activity it is not surprising that both employment and unemployment have risen over the quarter – albeit unemployment is still down over the year.

“These figures support the emerging body of evidence which all point to the recovery in Scotland continuing to gather momentum.

“Monday’s Bank of Scotland’s PMI survey indicated that private sector activity in Scotland expanded for the 21st consecutive month in June whilst the Fraser of Allander, ITEM Club and PWC have all revised up their forecasts for growth this year.

“There can be no doubt that Scotland has the economic potential to be an independent country. With the full powers of independence we could do more to get people into work, ensure everyone in Scotland is able to benefit from our national wealth and give employers access to the skills they need to grow their business strengthening our economy and creating jobs.”

Cabinet Secretary for Training, Youth and Women’s Employment Angela Constance added: “While today’s figures show growth in Scotland’s economy, our ambition is to do better than to simply return to pre-recession levels of economic performance.

“It is encouraging that female employment continues to increase markedly with a higher employment rate than the rest of the UK.

“Although we continue to do better than the UK in terms of employment rates amongst young people and 90 per cent of school leavers are in positive destinations, our youth unemployment rate remains too high.

“This is why we support the principle outlined in the report last month by the Commission for Developing Scotland’s Young Workforce, that links between schools, colleges and employers can be strengthened, to be more aligned to student and business needs.”

Altmann: Older workers ‘still have so much to offer’

Economist, policy expert and consumer champion Dr Ros Altmann CBE has been appointed by the Westminster government as its new Business Champion for Older Workers.

The appointment, announced today by DWP Minister Steve Webb, marks the latest step in the government’s drive to support over-50s in the UK labour market.

Dr Altmann – a former director-general of Saga and independent expert on later life issues – will be tasked with making the case for older workers within the business community and challenging outdated perceptions.

The move follows the government’s publication last month of Fuller Working Lives – A Framework For Action, which set out the benefits to individuals, business and the economy as a whole of people aged over 50 staying in work.

Dr Ros Altmann (pictured below) said: “I am so pleased that the government has shown it recognises the importance of encouraging people to stay in the labour market, rather than giving up before they need to. This will bring benefits all round – to individuals, to business and to the economy as a whole. A big part of my role is to work with employers to understand the significant benefits of retaining and recruiting older workers.

“I am really proud to be taking on this new role and look forward to championing over 50s in the workplace. This fast-growing section of society has so much experience and talent to offer and could play a vital role in future growth. Everyone can benefit from ensuring their skills do not go to waste. I also look forward to challenging some of the outdated and downright inaccurate perceptions of later life workers who still have so much to offer.”

DWP Minister, Steve Webb MP, said: “In appointing a Business Champion for Older Workers I wanted a powerful voice; someone respected amongst the business community, with a track record of speaking up for consumer rights without fear or favour. In Dr Ros Altmann that’s exactly what we have.

“Older workers have a huge amount to bring to any workforce and are a vast, untapped talent in the UK labour market. The business case is compelling and I am delighted that Ros will now be taking a lead in going out and making that case directly to the business community.”

There are currently around 2.9 million people aged between 50 and state pension age out of work in the UK. While the UK employment rate for this age group is around 60% and growing, many other countries achieve rates of around 70% or higher – so there is clearly significant potential for more older people to participate in the labour market for longer.

Demographic changes present major opportunities for employers to harness the benefits of taking on older staff, but also pose a serious threat to businesses which continue to believe they can rely solely on a young workforce. In the next 10 years, there will be 700,000 fewer people aged 16 to 49 in the UK labour market but 3.7 million more people aged between 50 and state pension age.

Minister for Women, Nicky Morgan MP, said: “Experienced and mature workers are a valuable asset to the UK economy. Many women with caring responsibilities come with a lifetime of knowledge and skills. If we don’t retain them – British business loses out. We need to provide extra support and help employers challenge outdated perceptions to see the real strengths of this important section of the workforce. I am delighted that Dr Ros Altmann has been appointed and with her breadth of experience, she will be a great advocate of this work.”

Baroness Greengross, Chief Executive of the International Longevity Centre-UK, said: “We are living longer than ever before, yet far too many people fall out of the workforce early. Without more older workers active in the workplace there are significant risks for UK plc that we will not have the workforce or skills we need to be a competitive nation. Businesses must wake up to the challenge of extending working lives.

“Helping people work longer requires leadership and it is wonderful to see the announcement of Ros Altmann as the new Business Champion for Older Workers. I have no doubt that Ros will do all she can to nudge, encourage and indeed push companies to maximise the potential of older workers.”

One employer which has long recognised the benefits of a diverse workforce is coach operator National Express. Almost 1 in 3 (30%) of its 1,700-strong workforce are over 50.

The company’s HR Director Jenifer Richmond said: “For us, taking on and retaining older workers isn’t about compromising or bowing to political correctness – it makes sound business sense. We really value being able to have a good mix of older and younger employees as these often make up our best performing teams. Mixing with and learning from older staff is often the best way in which our younger employees and apprentices can learn, as well as being a great example of being reliable and having a positive work ethic.

“It is also the case that our customer base is diverse in age, and it is important that we have a workforce that reflects that. As National Express continues to grow and expand as a company, the contribution made by our older workers very much forms part of the plan.”

The wider economy also stands to benefit. Research conducted by the National Institute for Economic and Social Research has found that if everyone worked one year longer, GDP could increase by 1% (equivalent to £16 billion in 2013).

And there are also significant gains to be made for individual households, with an average earner working one year longer having the potential to boost their pension pot by around £4,500, in addition to earning an extra year’s salary. Conversely, an average earner retiring 10 years early could see their pension pot shrink by a third.

Those who leave the labour market early will not only lose out on the earnings they could enjoy, but also have less chance to build up later life savings, and their pensions will have to last longer. Work brings the benefits of extra income, higher potential pension later on and more production in the economy which can help create extra jobs in future too. There are also well-recognised benefits to people’s health and wider wellbeing when they are working.

Tackling the scourge of modern slavery

The Modern Slavery Bill was introduced in the House of Commons this week, but local MP Mark Lazarowicz believes the legislation doesn’t go far enough.

The bill would provide law enforcement with stronger tools to stamp out modern slavery, ensure slave drivers can receive suitably severe punishments and enhance protection of and support for victims.

The bill includes provisions to:

ensure that perpetrators can receive suitably severe punishments for these appalling crimes – including life sentences
introduce new orders to enhance the court’s ability to place restrictions on individuals where this is necessary to protect people from the harm caused by modern slavery offences
create an Anti-Slavery Commissioner to improve and better coordinate the response to modern slavery
introduce a defence for victims of slavery and trafficking compelled to commit an offence
create an enabling power for child trafficking advocates
introduce a new reparation order to encourage the courts to compensate victims where assets are confiscated from perpetrators
close gaps in the law to enable the police and Border Force to stop boats where slaves are suspected of being held or trafficked

Edinburgh North & Leith MP Mark Lazarowicz‘ says the Bill is a major step forward but should be tougher. Speaking in Tuesday’s debate on the Modern Slavery Bill at Westminster, he praised the Bill as a major step forward but highlighted two areas where it needs to be strengthened significantly at UK level:

· Extension of the powers and funding of the Gangmasters Licensing Authority created by the last Labour Government, and

· Increased transparency and accountability of companies for their supply chains.

Commenting after the debate, the local MP said: “Modern slavery can see people desperately seeking a better life trapped and exploited in ways as varied as sex trafficking, domestic servitude or agricultural workers whose meagre wages are docked to pay for sub-standard food and accommodation leaving them with debts they can never pay off.

“Vulnerable people, often with very few language skills, may simply not know where to seek help even if they get the chance and be fearful that they may be deported if they do escape.

“The last Labour Government first set out to tackle this modern evil by creating the Gangmasters Licensing Authority to root out abuse in agriculture and related industries: it’s been widely praised and its funding and remit should be increased.

“Companies should also be accountable for how their goods are produced in supply chains with annual reports setting out steps they took to verify and audit suppliers.

“Whilst enabling the prosecution of traffickers and slave-masters, the Bill must also advance the protection of victims: too often companies and consumers do not know and in the worst case may not even care how workers are exploited in producing the food we eat, the clothes we wear.”

MP acts to resolve parking deadlock

Edinburgh North and Leith Labour MP Mark Lazarowicz is launching a new Private Members’ Bill this week to resolve the deadlock which has delayed new legislation in the Scottish Parliament to ban irresponsible parking.

Inconsiderate parking can be a major headache for people like wheelchair users, the visually impaired and parents with children in pushchairs, and the Bill would end uncertainty as to whether the Scottish Parliament has the power to legislate on this issue after a Bill to introduce a Scotland-wide ban was delayed due to conflicting legal advice.

Mark Lazarowicz said: “This Bill would ensure that the Scottish Government has the power to make a real difference to our streets by tackling irresponsible parking that can block pavements, kerbs and crossings and choke the flow of traffic.

“It can be dangerous where for instance it pushes people into the road to get past or impedes a wheelchair user from crossing a street because someone had thoughtlessly blocked a dropped kerb.

“A Bill in the Scottish Parliament has had its progress delayed because of conflicting legal advice as to whether the power to legislate to tackle irresponsible parking is still reserved or not.”

“I want to cut through that with this Bill which would specifically devolve this power once and for all to make a practical difference to the streets in our towns and cities in Scotland.”

Sandra White MSP has proposed a Bill to introduce a Scotland-wide ban on irresponsible parking. The Bill has support from a wide range of organisations such as Guide Dogs Scotland and Capability Scotland and has cross-party support in the Scottish Parliament.

Mark was one of 20 MPs who won the right to introduce a Private Members’ Bill in the draw for Bills which recently took place. He will introduce the Responsible Parking (Scotland) Bill tomorrow ( Wednesday).

The Bill has already won the support of MPs from other parties and Mark’s move has also been welcomed by Sandra White MSP.

The North and Leith MP must now wait to see if his Bill will go through. He said: “Although the fact that there are controversial Private Members’ Bills ahead of mine in the queue this year will make it a challenge to get mine through, my Bill has all party support which I believe gives it a reasonable chance of making progress.”

A time for community: Prime Minister issues Ramadan message

Prime Minister David Cameron has issued a message to Muslims at the start of the holy month of Ramadan:

I want to send my very best wishes to everyone observing the holy month of Ramadan.

This is an incredibly special time of year for Muslims at home and abroad: a time for charity, for contemplation and community.

Charity is one of the things that Islam is all about. Here in Britain, Muslims are our biggest donors – they give more to charity than any other faith group. We see this spirit of giving all year round, from the mosques running sports clubs for local children to the Muslim groups selling poppies for Remembrance Day, to those people from around the country who put their wellies on, rolled their sleeves up, and went to help the families hit hardest by this winter’s storms.

Ramadan is a time when that spirit comes to the fore and I am so proud when I hear, every year, about the millions of pounds raised for good causes for those less fortunate than us here in Britain, and those who are suffering in wars and in famines overseas.

Ramadan is a time for contemplation to fast, and to pray, and to think deeply about others.

This Ramadan, I hope that we can reflect upon a key aspect of our shared history: the bravery of those who fought and died for our freedoms nearly 100 years ago.

Just days after Eid, we will be marking 100 years since the First World War.

More than a million men and boys from India fought with our troops during that conflict and many thousands of them were Muslims.

They travelled across the world to fight to defend our freedom, guided and sustained by their bravery, comradeship and, above all, by their faith.

Their selflessness and their courage helped to secure the liberties we all enjoy today, so this Ramadan – and this centenary – we will remember them and reflect upon their sacrifice.

Ramadan is a time for community. And there is nothing that exemplifies this more than those nightly iftars when the fast is broken, the dates are opened, and all that great food is served.

Last year I was delighted to see how many community iftars were taking place across the country in mosques and in community centres, in parks and even in tents.

Again this year government is supporting the Big Iftar programme with hundreds more communities, from Leeds to Luton, Woking to Manchester, throwing open their doors so that people of all faiths and none can break bread and get to know their neighbours.

So wherever you are this holy month, I wish you Ramadan Mubarak.

Lararowicz: new homes must be energy efficient

Mark Lazarowicz MP has criticised the Westminster government’s failure to make the energy efficiency of new homes a central plank of its Help to Buy scheme in order to boost jobs, cut energy bills and carbon emissions.

THE North & Leith MP was speaking at Treasury Questions in the House of Commons, and said afterwards: “Increasing the energy efficiency of our homes can help cut fuel bills, create new skilled jobs and meet our targets for reducing carbon emissions.

“For instance, surely the Government could have seen that a scheme aimed at first-time buyers should have prioritised energy efficiency so helping young couples with mortgages save money on fuel bills.

“Building all new homes to a high level of energy efficiency helps avoid the need for retrofits later on and Help to Buy could have been used to provide a strong lead by setting a benchmark for the industry.

“It’s an example of where regulation can create new skilled jobs and apprenticeships and boost small businesses but once again the Government has just sat on its hands and failed to act.”

Lazarowicz calls for education for all in Africa

Praise for local school’s ‘Send my sisters to school’ campaign

Edinburgh North and Leith MP Mark Lazarawicz has stressed the role of education in offering a better life for children in the world’s poorest countries.

Speaking during a Westminster debate in Africa, the MP referred to sub-Saharan Africa in particular but pointed to how young women are so often still denied even the chance of a primary education.

That’s a point highlighted to Mark recently by children from St Mary’s (Edinburgh) Primary School in East London Street, who delivered 300 cut-out figures the pupils had produced as part of the Send My Sister to School campaign.

Commenting after the debate, Mark said: “Education is a basic human right and yet the recent shock of the abduction of over 200 schoolgirls in Nigeria by extremists highlighted how girls and young women especially still so often fail to get the chance of finishing even primary school.

“I was really impressed by how the letters written by the children from St Mary’s Primary School showed a genuine desire for children whose lives are so different to have the same chance children here have to an education.

“There is a vital meeting next week to decide funding for the next four years of the international Global Partnership for Education initiative yet the UK Government has not yet said if a Minister will be attending.

“Education should be a right not a privilege for people in the world’s poorest countries as here but without funding we won’t move closer to making that a reality.”

Progress has been made: since 1999 the number of children out of school around the world has fallen by almost by half. Yet in many countries the goal of universal completion of even primary school remains far-off and inequality of opportunity remains deep-rooted between children from rich and poor backgrounds and also between girls and boys.

In Sub-Saharan Africa, 30 million primary-aged children are out of school – 22% of the region’s primary school age population. One in four girls don’t receive even a basic education and only about a quarter of those from the poorest households will complete primary school.

A meeting to decide funding over the next four years for the Global Partnership for Education programme takes place in Brussels on Thursday (26th June). There has been a decline in recent years in external aid for education so Mr Lazarowicz believes it is important that the UK Government gives a strong lead there.

Queen’s Speech: ‘UK Government will continue to deliver for people across Scotland’

This year’s Queen’s Speech contains a range of measures designed to support families, firms and fairness across Scotland, the Scottish Secretary said today. Nine of the eleven new Bills will apply in Scotland, in a speech which reiterated the commitment of the UK Government of making the case for Scotland to stay in the UK.

The UK Government’s legislative programme was announced during the State Opening of Parliament and contains measures to support families with childcare costs, small businesses with access to finance and give pensioners greater freedom to access their savings.

Scottish Secretary Alistair Carmichael said: “We are building on strong foundations for a prosperous and exciting future in Scotland. This legislation will help improve the lives of people across the country and lend a helping hand to working families and the businesses at the heart of our economy.

“At the same time we will further support the North Sea industry and give Scotland’s pensioners security and flexibility over their retirement funds. It is a comprehensive package for Scotland and I welcome the positive changes it will bring.”

Legislation such as the Childcare Payments Bill will see around 160,000 families in Scotland eligible for help with their childcare costs, up to a maximum of £2,000 per year for each child. Some 325,000 small and medium-sized businesses in Scotland will benefit from the Small Businesses Bill, making it easier for firms to access finance.

It also focuses on maximising North Sea resources, powers to tackle serious crime across the UK and support for Armed Forces charities.

This parliamentary Session will also see the Government affirm its commitment to devolution by commencing vital provisions of the Scotland Act 2012.

This is the last legislative programme before both September’s referendum and the General Election in 2015 and the Westminster government says it underlines their commitment to economic growth and deficit reduction.

However both Labour and the SNP say today’s Queen’s Speech was a missed opportunity – although for different reasons. Labour leader Ed Miliband said the speech failed to match the scale of the challenges Britain faces and Labour’s Shadow Scottish Secretary Margaret Curran said Scotland was being let down by both the UK and Scottish governments.

Ms Curran added: “We have an SNP Scottish government that is so obsessed with the referendum that they aren’t doing anything else, and a Tory-led UK government that has run out of ideas.”

The SNP’s Shadow Scottish Secretary Angus Robertson said: “The absence of any mention at all of the Westminster parties’ plans for Scotland in the Queen’s speech is extraordinary. Not even Air Passenger Duty was mentioned, even though this could be transferred to the Scottish Parliament now, as the Tories admitted this week.

“In this – the year of the biggest opportunity in Scotland’s history – Scotland hardly even gets a nod at Westminster, and not a single mention of future plans for improving government in Scotland.”

Housing payment cap powers to be transferred

More help for 72,000 Scottish households

Thousands of Scots families can be given more ‘Bedroom Tax’ assistance following discussions between the Westminster and Scottish governments. The UK government has offered to transfer power over the housing payment cap to Holyrood, it was announced yesterday.

Housing help for people on benefits – known as Discretionary Housing Payments (DHPs) – is currently reserved to Westminster and administered by local authorities in Scotland. This power will now transfer to Scotland, however, and the Scottish Government is now urging Westminster to transfer these powers as soon as possible.

The Scottish Government has already spent up to the previous legal limit in order to mitigate the effects of the ‘Bedroom Tax’. Once the powers are transferred, a total of £50 million can be invested to help the 72,000 households in Scotland who are suffering from the effects.

Welcoming the news, Deputy First Minister Nicola Sturgeon said:

“We had already set aside the money to be able to help every household in Scotland affected by the ‘Bedroom Tax’ – once we have the powers, we will be able to use it and provide vital assistance to thousands of hard-pressed Scots.

“I am delighted that in future anyone who has been affected by this unfair policy will receive the help they need and would encourage them to contact their Local Authority to apply for assistance through the DHP scheme.

“We will never turn our back on people in need, and I am pleased to finally be able to get on and help people. But the fact is that this decision has taken far too long. We have been pressing since January for Iain Duncan Smith to remove this cap – and at last Westminster has seen sense and have given us what we requested. We will now work to ensure the law is changed as quickly as possible.

“The DHP scheme is the only legal way – under the powers that Scotland currently has – to provide regular financial payments to people on housing benefit. But the only way to get rid of the ‘Bedroom Tax’ for good is through the powers of an independent Scottish Parliament.

“We know that Scots want welfare decisions to be made and taken by the Scottish Parliament. The ‘Bedroom Tax’ has been rejected by people right across Scotland, yet is still being imposed on us by the UK Government.

“With independence we will have the opportunity to create a welfare system that really works for us.”

However the UK Government says that their willingness to transfer the power to set the cap on Discretionary Housing Payments (DHP) in Scotland demonstrates a ‘commitment to taking a pragmatic approach to devolution and to engaging intensely with local authorities in Scotland.’

In a letter to Nicola Sturgeon, Scotland Office Minister David Mundell has offered to transfer the power to the Scottish Government through a Section 63 Order which will require the agreement of the UK and Scottish Governments before being approved by both the UK and Scottish Parliaments.

If the Scottish Government chooses to accept this offer, it will have the flexibility to pass on more funding from its existing block grant to local authorities – it will be up to to the Scottish Government and local authorities how they choose to allocate their money.

As things currently stand, DHPs can be used by local authorities across Great Britain to provide additional funding for people in receipt of housing benefit who need extra support. At present each local authority must operate within a formula-based spending cap set by the Department for Work and Pensions. The proposal from the UK Government would mean that the Scottish Government would have the power to set the DHP cap for Scottish local authorities in future.

Mr Mundell said: “I have completed a programme of visits to all Scottish local authorities and believe that transferring this power to the Scottish Government is the correct thing to do.

“The UK Government believes in taking a pragmatic approach to devolution and we believe in a United Kingdom that gives Scotland the best of both worlds. I hope that officials from both governments will now be able to take this forward.”

Alexander urged to ‘come clean’ on assets share

As we confidently predicted yesterday (!) (see ‘Fantastical’), John Swinney was quick to counter Danny Alexander’s pronouncements on how an independent Scotland’s economy would shape up. Sadly the Holyrood Finance Secretary’s response made no reference to the forthcoming Eurovision Song Contest …

Finance Secretary John Swinney said any claims about Scotland’s finances from the UK Government must include details on Scotland’s share of UK assets worth nearly £1.3 trillion.

Mr Swinney said the Chief Secretary to the Treasury has recently admitted to the Scottish Parliament that Scotland will inherit a share of UK assets.

He said billions of pounds could be paid to an independent Scotland in cash as many of the assets paid for by Scottish tax-payers will be physically located in the rest of the UK.

Mr Swinney said: “Danny Alexander has said the UK Treasury is examining the finances of an independent Scotland.

“We already know Scotland is one of the wealthiest countries in the developed world and that over the past 5 years our public finances have been healthier than the UK’s to the tune of around £1,600 per person.

“To have a shred of credibility any Westminster analysis should also set out in detail the assets that will be due to Scotland in the event of a vote for independence in September.

“As part its campaign rhetoric we know the UK Government talks about Scotland’s share of the debt run up by successive Westminster Chancellors. It cannot be taken seriously if does not also talk about Scotland’s share of assets.”

“Scotland’s share of UK assets will be realised in a combination of ways – through physical assets, cash transfer and continued use of assets through shared service agreements.

“Assets located elsewhere in the UK will be included in negotiations, as Scotland has contributed to their value over a long period of time. For physical assets like these, the equitable outcome may be to provide Scotland with an appropriate cash share of their value.

“We note with interest preliminary analysis by academics suggesting that on defence alone Scotland may be entitled to draw upon a notional sum of nearly £5 billion for physical assets located elsewhere

“The apportionment of the UK national debt will be negotiated and agreed as part of the overall settlement on assets and liabilities.

“On any reasonable scenario, because national income per head is higher in Scotland than the UK, an independent Scotland will have a lower debt burden as a share of GDP than the UK.

“Both the Scottish and UK Governments have signed the Edinburgh Agreement which commits both governments to working together on matters of mutual interest, good communication and mutual respect.

“The two governments have also said they will work together constructively, whatever the result, so we can expect these matters to be worked out in that spirit of mutual respect and co-operation.”

BUCKS FIZZ: Not mentioned in Swinney speech