Scotland doesn't need English Labour's Viceroy Murray

In his February 8 Edinburgh Evening News column, Ian Murray mentions growth four times but offers absolutely no clue on how English Labour can deliver it without increasing public investment. Starmer ditched the £28 billion, really just £20 billion - £8 billion has already been spent – “green prosperity plan” which would have just kept the UK above the economic water line.

The £20 billion would have paid for itself by stimulating private investment, creating jobs and raising tax revenues. A recent LSE study showed that 1% of GDP spent on public investment stimulates twice as much private investment, setting off a self-sustaining growth acceleration. It would have created real wealth, putting human and capital resources to work, and improving the environment and people’s lives. Even a former Blair Labour advisor called this move “the most stupid decision the Labour Party’s made.”

And Rachel Reeves has painted herself into a corner with her made-up fiscal rules that placate the City of London, the world’s largest dirty money laundromat and source of much of English Labour’s funding. Murray suggests that Edinburgh should piggy-back on this cesspool to create ‘growth.’ The so-called financial services market is nothing more than the obsequious butler to the wealthy class of rentier capitalists who control our natural resources and the financial system in order to impose ‘rent’ on the rest of us. They don’t generate wealth but like leeches, suck the wealth from land, capital and the people.

Murray proposes that the Scotland Office, currently Viceroy Jack’s fiefdom, be in charge of the Scottish money laundering operation. If English Labour wins, Viceroy Murray would be in charge. How convenient. 

The People of Scotland need to take back their nation from these pirates.