Scottish Economy Post-Covid19 – Part 1: Roger Mullin
Written by WeegieFifer on 22nd April 2020
This week on the Daytime Live Show Marlene & Val talked to Roger Mullin about his thoughts and expectations for the Scottish economy post the Coronavirus crisis.
Roger was MP for Kirkcaldy & Cowdenbeath from 2015-17 and SNP Treasury spokesman. Later he was a member of the SNP Growth Commission providing suggestions for a way forward for the Scottish economy and currency after independence. He has also undertaken research into Brexit and Scottish Business.
The interview lasts an hour and some of the topics we covered are:
- there was a rapid drop in supply, there will not be a V-shaped recovery, ie no equally rapid recovery in supply;
- historically crises like this have created big social and economic shifts and our post-Covid19 normal will be different from the old normal;
- changing work patterns may be here to stay and some businesses are already adapting to changing customer buying patterns. That means we may need a completely new system for business rates;
- we need to think about how best to help people to reskill if they lose their current jobs;
- our tourist economy, fishing and farming are all significant sectors of the economy, we need to think carefully how to help them
- Scotland has a highly educated population and that will aid our recovery. Though universities, & particularly colleges, may need to rethink what courses they offer.