Financial Times FT.com

Is an independent Scotland economically viable?

By Alex Salmond and Wendy Alexander

Published: December 12 2006 19:40 | Last updated: December 12 2006 19:40

Scotland is underperforming, writes Alex Salmond. We have the lowest long-term growth in the European Union and over the past 10 years – the Gordon Brown era – our growth has been almost 30 per cent lower than that of the UK as a whole. Growth is the key to a flourishing country. We only have to look to Ireland to see the transforming effect of annual growth rates averaging almost 8 per cent – four times the Scottish rate.

The result is that too many new businesses in Scotland struggle to survive, average wages are lower, households have less money to spend and each year 25,000 young people leave home to find work and opportunities elsewhere.

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