Retail bonds
What exactly do we want from Scottish Government bonds plan?
Author / Creator: Richard Murphy
Media type: Article
Date published: 2026
Proving Scotland’s ability to fund itself from its own people’s savings, rather than from savings made elsewhere, is not a side issue. It is close to the whole point.
Scottish Government Bonds and Investing in Ourselves March 2026
Author / Creator: William Thomson
Media type: Article
Date published: 2026
Why the Scottish Government must pause the wholesale bond programme and reevaluate the issuance to consider funding investment from within Scotland.
On the Problem with Scotland’s Future Bond Plans
Author / Creator: William Thomson
Media type: Article
Date published: 2026
The Scottish Government’s decision to issue a wholesale bond is guaranteed to create all the wrong headlines at exactly the wrong time.
Scottish Government Bonds and Investing in Ourselves
Author / Creator: William Thomson
Media type: Working paper
Date published: 2026
The wholesale Scottish government bond programme will result in approximately £170 million leaking out of the Scottish economy.