Read More: Ten Principles for UK Economic Recovery
In a paper published on June 29th, 2020 the Scottish Government proposed and outlined ten guiding principles to the UK Government on how to steer an economic recovery from the COVID-19 pandemic in the region. The principles lay a strong emphasis on a sustainable economic recovery. The proposed stimulus and policy measures aim at reducing inequalities in the society, protecting jobs and livelihoods, enhancing the well-being of UK citizens, and accelerating investments into low-carbon, energy efficient and digital infrastructure to support a transition to a net zero economy. Moreover, the principles also suggest implementing a national debt plan and adjusting monetary policy objectives for addressing long-term debt recovery of the government as well as of businesses, banks and private households.