We welcome the report. In particular, I agree with its assessment of the United Kingdom economy as a “stagnation nation” characterised by low growth and high inequality. That combination has led to a fall in UK living standards relative to peer economies. The report also recognises the UK’s poor record on public investment relative to other countries in the Organisation for Economic Co-operation and Development and the need to provide sustained investment.

That is the key reason why Scotland needs full powers to drive economic growth—powers that independence would transfer to the Parliament so that we would no longer be held back by the UK Government’s anti-growth policies. Using the powers that we have, we will continue our efforts to grow the economy in Scotland, reduce inequality and invest in public services across the country, to deliver a wellbeing economy.