Yes to an economic recovery that benefits all
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.
Taken together with other indicators including increased employment, GDP figures and the bank’s Purchasing Managers Index, which recently showed a sharp rise in business activity, there is cautious optimism that the remainder of the year could see a gradual strengthening of the recovery in Scotland.
This comes despite George Osborne “playing with fire” through his austerity economics, a set of policies widely opposed in Scotland and by Scotland’s MPs.
In welcoming the new figures Scottish Labour's finance spokesman Iain Gray is reported as saying:
“increases in turnover, recruitment and growth are all good signs. But we have a duty to look beyond the headline figures to ensure everyone benefits from this recovery. A recovery built on zero-hour contracts and temporary jobs will not bring about the long-term, sustainable growth that allows us to create the kind of Scotland we aspire to. Too many Scots are still missing out on the opportunities they deserve."
We agree. And with a Yes vote, we will have the full powers we need to ensure that Scotland’s undoubted wealth and resources are put to work for the benefit of all of Scotland’s people.
The Herald reports that the Yes campaign has been “boosted” after the chief executive of insurance giant Aviva said the referendum was not an issue for his company. Mark Wilson, whose firm employs 2500 staff north of the Border, said last night: "We operate all around the world and in many jurisdictions and in many places so I really think that's not an issue for us to focus on."
Mark Wilson, Chief Executive of the UK's biggest insurance company, Aviva "We operate all around the world and we operate in many jurisdictions and in many places"
It has long been apparent that the No campaign is characterised by unashamed, relentless negativity – what else would we expect from an outfit that refers to itself as “Project Fear”?
British Airways Chief Executive Willie Walsh – Independence “positive”
British Airways boss Willie Walsh was announcing his company’s annual profits this morning. Interviewed on BBC, he was asked about the prospect of a Yes vote. “If anything, it [Scottish independence] will be slightly positive since we believe it will abolish air passenger duty” said Mr Walsh.