Leading Tory donor says Scotland needs full financial powers
By Fiona MacGregor
John McGlynn, Founder and Chairman of the Airlink Group of Companies is the latest high-profile entrepreneur to recognise Scotland needs full financial powers if it is to reach its strongest economic potential.
He joins a growing number of business chiefs including, Sir Tom Hunter and Jim McColl and Sir Tom Farmer in agreeing the constitutional status quo is not good enough and we need the powers to make more economic decisions in Scotland.
Mr McGlynn said: "We have a once in a lifetime opportunity to change Scotland for the better and we must grab it with both hands.
"As an entrepreneur I share the views of many in the business community that the constitutional status quo is just not good enough.
"The Scottish Government should have all of the necessary levers to help boost the economy and create jobs.
"Devolution has shown that better decisions are made closer to home and we need more of that as soon as possible.
"I am saddened that some politicians are not taking this historic opportunity to maximise devolution and be ambitious for Scotland. I am a firm believer in full fiscal autonomy for Scotland ( devo max) but I have been impressed by the submission for Devo Plus. I look forward very much to a full and sensible debate on Independence for Scotland.
"If a stronger powers option is not included in the 2014 referendum I like many others in the business community will most likely come to the conclusion that the worst of all options is the status quo and back independence.
"We should be confident in our abilities to be competitive and successful in business at home and internationally. Let's have the powers in Scotland to make that possible."
The rest of the UK economy will continue to thrive after Scotland votes for independence, a survey of City of London executives has found.
The Bank of Scotland’s quarterly Business Monitor report has shown Scottish firms recording the biggest increase in turnover since before the 2007/08 recession. In the three months to August, 45% of firms surveyed increased turnover, while 22% experienced a decrease with the remainder showing no change.
UK Government figures published today by UK Trade and Investment confirm that Scotland continues to prove a very attractive destination for foreign direct investment (FDI). The Inward Investment Report 2012/13 welcomes "a record number of projects and jobs secured for Scotland".
The good news follows upon the recent Ernst and Young Attractiveness Survey which also reflected a remarkable FDI performance in 2012.
The potential to generate a healthy independent economy is not just a romantic ideal, writes Alasdair Reid in today's Scotsman