EY SCOTTISH ITEM CLUB SUMMER UPDATE

That this House notes the findings of the EY Scottish ITEM Club Summer update 2018 which compares the performance of the Scottish economy to that of the UK as a whole using an independent economic forecasting model; further notes its findings that nominal Scottish GDP including Scotland's geographic share of oil and gas grew by 3.4 per cent from Q4 2016 to Q4 2017 compared to 3.1 per cent for the UK, and that the value of Scottish GDP per capita grew by three per cent compared to the UK’s 2.5 per cent; recognises that this growth is despite the damage caused by Government cuts and inaction in the oil and gas sector's time of need; and calls on the Government to provide Holyrood with the powers needed to both shield Scotland from further Tory incompetency and also ensure Scotland can continue to lead the UK.