Prospect of independence not deterring investment says STUC


By a Newsnet reporter
Union leaders have rubbished claims by UK Ministers that the planned independence referendum is harming Scottish inward investment.

In their comments, reported in the Scotsman newspaper, the STUC deny UK Government claims and say that there is no need to hold a referendum now and that there were far more immediate problems that needed to be looked at.

The stance by Scotland’s Union leaders is a further blow to UK Government Ministers and Labour politicians who have claimed businesses have ‘told’ them they are worried about investing in Scotland.

Labour MP Willie Bain claimed to have knowledge of at least one business that had decided not to invest in Scotland but had opted for England instead.

However questions are being raised about the veracity of the claims after the Tory and Labour MPs refused to name the companies.

It also emerged last week that a senior Tory in the north east of England had actually complained about Scotland’s inward investment success to Chancellor George Osborne, claiming that it was harming investment in the north east of England.

Welcoming the comments SNP MSP Bill Kidd said:

“The STUC position scotches the myths and scaremongering about Scotland’s democratic right to choose our future in a referendum.

“It is unacceptable for a Tory chancellor to try to sabotage investment in the Scottish economy and I welcome the STUC’s support.

“Recent jobs announcements in Scotland by major companies such as Amazon, Aker, Avaloq, Dell, Gamesa and Doosan power systems are testament to the Scottish Government’s focus on jobs and investment and the quality workforce, skills and infrastructure that we have in Scotland – and with
the full financial and economic powers of independence we could achieve even more.”