Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Scottish business leaders unite against independence

1 comment
Scottish business leaders unite against independence

An open letter to the Scottish people from 120 business leaders is calling on them to back the union to ensure Scotland's economy continues growing.

Organised by Weir Group chief executive Keith Cochrane, the letter warns that the case for independence has not been successfully made and the uncertainty caused by the debate is worrying business, which could in turn deter investment.

The letter, quote by Sky News, said: 'As job creators, we have looked carefully at the arguments made by both sides of the debate.

'Our conclusion is that the business case for independence has not been made. 'Uncertainty surrounds a number of vital issues including currency, regulation, tax, pensions, EU membership and support for our exports around the world - and uncertainty is bad for business.'

The letter was also signed by HSBC chairman Douglas Flint, Thales' Victor Chavez and Ian Curle of The Edrington Group, which produces Famous Grouse whiskey.

The business leaders, who signed in a personal capacity, warned of the wider economic risks.

'Our economic ties inside the United Kingdom are very close and support almost one million Scottish jobs. The rest of the UK is Scotland's biggest market by far,' the letter said.

'Today Scotland's economy is growing. We are attracting record investment and the employment rate is high.

'We should be proud that Scotland is a great place to build businesses and create jobs - success that has been achieved as an integral part of the UK.

'The UK gives business the strong platform we must have to invest in jobs and industry. By all continuing to work together, we can keep Scotland flourishing.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter