I noticed with concern the comments by Graeme Macdonald, Chief Executive Officer of JCB, that quitting the EU would not make any difference to the UK’s trade with the rest of Europe (19th May 2015).
This new economic strategy should include measures to boost productivity and address inequality, including a new export strategy; investment in infrastructure; investment in innovation and looking to deliver a simpler taxation system.
This week we launched our latest report, calling for an ‘Invest for Growth’ strategy to replace the current failed austerity measures, which have lost the Scottish economy £24bn in GDP since 2007.
An ‘Invest for Growth’ strategy, echoing the economic approach that ended the Great Depression of the 1930s, should replace current failed UK austerity measures - which has lost the Scottish economy £24bn in GDP since 2007 - and ensure the economic recovery, based on fragile foundations, is sustainable.
It is clearly disappointing to note the Scottish Government report which highlights the shocking scale of inequality in our nation, with the top two percent of households owning nearly one fifth of all private wealth, while the least wealthy half of all households own just nine percent (25th March).
Responding to the Chancellor's Budget proposals to overhaul the North Sea tax regime, Dan Macdonald, founder of independent business organisation, N-56, said:
In a letter to both the UK Chancellor of the Exchequer and Scottish First Minister, independent business organisation N-56 has put forward a five-point plan to secure the short-term and longer term future of the North Sea oil and gas sector, urging both the UK and Scottish Government collaborate on implementing this.
Dan Macdonald, founder of independent business organisation, N-56, responds to the launch of Scotland's Economic Strategy by First Minister, Nicola Sturgeon MSP.
A greater focus on increasing Scottish exports will boost Scotland’s total trade by over £77 billion and increase economic growth, matching that of other small wealthy countries.
As an independent business organisation we noted with interest the speech by First Minister, Nicola Sturgeon MSP, on the need for greater public spending to boost the economy (12th February).