Scottish Independence

Lord Selkirk of Douglas Excerpts

Wednesday 7th December 2022 Lords Chamber

[Lord Offord of Garvel (Con)]

The noble Lord has great knowledge of these matters. The UK Government have just announced £4 billion of new shipbuilding orders coming to the Clyde and Rosyth. It has been noted that in the last five years the naval shipyards in Scotland have built four frigates while the SNP cannot get two rusting ferries off the dock. It is very clear that we have great competence and strength in our naval shipyards. Sadly, that is not the case within the Scottish Government’s remit.

[Lord Selkirk of Douglas (Con)]

Will the Minister accept that Scotland’s greatest market is England, the scale of which is substantial? Whether Scotland can go it alone is the wrong question. The question is: wherein lies the balance of advantage? Conclusively, in my view, it is in the United Kingdom.

[Lord Offord of Garvel (Con)]

I agree with the noble Lord; 60% of Scottish trade is with England, 20% is with the EU and 20% is international. This is part of the issue not addressed in the paper. I point to a couple of observations. The IFS has said of the paper that

“Scotland’s much higher levels of public spending … mean that it … would need to make bigger cuts to … spending or … increases to taxes”.

Richard Murphy, traditionally a pro-independence economist, said to the National that the

“currency plans are ‘so wrong’ he would vote No in a future referendum.”

A pro-independence campaigner, Robin McAlpine, commented that the prospect was dismal—Scotland has no lender of last resort under these plans and there is no solution to the border. In summary, he said the whole thing is “utter pish”. I defer to the Lord Speaker to explain to more genteel noble Lords that that is a Glaswegian euphemism for utter balderdash.