According to accountants KPMG and reported in Insider, Scotland has made significant productivity gains in the past 18 months and now ranks above all parts of the UK other than London and the South which continue to suck the life out of the other regions in terms of material, human, social, intellectual and of course financial capital. Even the BBC agrees with this view of London:
Out of the 12 regions in the UK, Scotland came 4th top. Scotland did especially well on innovation and its pool of available talent. Perhaps being further away and with a higher quality of life, Scotland is able to hang on to more of its talent that the English regions and Wales. In terms of the talent coming from its universities, Scotland came second only to London.
It’s worth remembering that the high productivity of London and the South does not compensate for their massive trade deficit and that only Scotland has a surplus in this regard. See:
The role of the Scottish Government needs mentioning here too given their initiatives to boost business activity. See, recently:
77% of Scotland’s small and medium-sized businesses report success as Scottish Government reports record numbers exempt from rates and in the wake of figures revealing much greater signs of distress among rUK businesses.
I know governments do not create wealth, but they do help produce the conditions in which it can be created. Had Scotland’s performance been worse, we can be sure the SNP would be to blame in some way.