The speech served as a stark reminder of the economic stagnation that the UK is in. For far too many people, the UK economy has stopped working. It is characterised by low growth, high inequality and poor productivity, which are the key drivers of living standards.

No one is saying that an independent Scotland could achieve transformation overnight. Whether we succeed or not will be down to our decisions as a country. However, the success of countries similar to Scotland, such as Denmark, Ireland and Norway, surely demonstrates the potential prize of independence and improving our economic performance.