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Business Scotland
Business, finance and the economy in Scotland
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Scottish business confidence at record high

Scottish business confidence at record high | Business Scotland | Scoop.it
CONFIDENCE among businesses in Scotland has hit new heights, and is greater than the UK average, according to a new report.
Peter A Bell's insight:

This surge in business confidence is all the more remarkable in the light of the concerted efforts of the UK Government, the British parties and the mainstream media to undermine business confidence in Scotland.

Another major failure for Project Fear!

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Scotland’s financial sector will thrive after a Yes vote

Scotland’s financial sector will thrive after a Yes vote | Business Scotland | Scoop.it
Guest Post: Chris Hegarty was an investment manager with several Edinburgh-based life and asset management companies. This is written in a personal capacity. Edinburgh’s financial sector boardrooms are conservative places at the best of times. Faced with the prospect of change – in this
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Pledge to help women in business

Pledge to help women in business | Business Scotland | Scoop.it
Pledge to help women in business
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Standard and Poor's: challenges facing iScotland's economy are significant but not unsurpassable

Standard and Poor's: challenges facing iScotland's economy are significant but not unsurpassable | Business Scotland | Scoop.it
The challenges facing an independent Scotland's economy are significant but not unsurpassable, according to global ratings firm Standard and Poor's.
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Sturgeon's bill at key stage

Sturgeon's bill at key stage | Business Scotland | Scoop.it
Legislation aimed at boosting economic growth by creating better access to public contracts is of
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£10bn fund rejects Scots schemes over independence

£10bn fund rejects Scots schemes over independence | Business Scotland | Scoop.it
THE Scottish independence referendum has caused a multi-billion-pound investment fund to reject schemes in Scotland due to uncertainty caused by the poll, it emerged today.
Peter A Bell's insight:

The anti-independence campaign is, as we might have expected, slavering over this "revelation". If they are to believed a solitary investment decision, made on what appear to be very tenuous grounds, by a single firm outweighs all the other decisions which have brought inward investment levels in Scotland to new highs.

Only yesterday the International Business times reported that the Bank of Scotland's latest Purchasing Managers' Index (PMI) showed private sector output expanding for the 16th consecutive month in January, and at the fastest rate in three months.

Only six months ago, a very short time in this context, a report compiled by accountants Ernst & Young (E&Y) showed inward investment projects at a 15-year high with a year-on-year increase of a stunning 49% in terms of the number of projects, compared with an increase of only 3% for the UK as a whole.

E&Y said at the time that there was "no sign of investors being deterred from coming to Scotland" because of the possibility of independence. If anything, the reverse appears to be true".

So let's keep a sense of perspective here. As we read articles like this let us bear in mind that it suits the purposes of the No campaign to denigrate Scotland. Let us not forget that they have expended a lot of effort trying to deter investment in Scotland by generating unnecessary and unfounded confusion and uncertainty. All of which makes the reality of increasing and accelerating inward investment all the more of a tribute to the efforts of the Scottish Government and Scottish Development International.

Think how much more we could do with control of all the economic levers available to an independent nation. Notwithstanding the headline being trumpeted by the British nationalist media, Pension Insurance Corporation (PIC) are still approving investments in Scotland. Even they say, "It is probably going to be all right...". And they are the kind of business that looks for far more certainty than can ever exist in politics. The rest of us have good reason to suppose that it will probably be much better when we bring our government home.

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Peter A Bell's curator insight, February 11, 8:10 AM

The anti-independence campaign is, as we might have expected, slavering over this "revelation". If they are to believed a solitary investment decision, made on what appear to be very tenuous grounds, by a single firm outweighs all the other decisions which have brought inward investment levels in Scotland to new highs.

Only yesterday the International Business times reported that the Bank of Scotland's latest Purchasing Managers' Index (PMI) showed private sector output expanding for the 16th consecutive month in January, and at the fastest rate in three months.

Only six months ago, a very short time in this context, a report compiled by accountants Ernst & Young (E&Y) showed inward investment projects at a 15-year high with a year-on-year increase of a stunning 49% in terms of the number of projects, compared with an increase of only 3% for the UK as a whole.

E&Y said at the time that there was "no sign of investors being deterred from coming to Scotland" because of the possibility of independence. If anything, the reverse appears to be true".

So let's keep a sense of perspective here. As we read articles like this let us bear in mind that it suits the purposes of the No campaign to denigrate Scotland. Let us not forget that they have expended a lot of effort trying to deter investment in Scotland by generating unnecessary and unfounded confusion and uncertainty. All of which makes the reality of increasing and accelerating inward investment all the more of a tribute to the efforts of the Scottish Government and Scottish Development International.

Think how much more we could do with control of all the economic levers available to an independent nation. Notwithstanding the headline being trumpeted by the British nationalist media, Pension Insurance Corporation (PIC) are still approving investments in Scotland. Even they say, "It is probably going to be all right...". And they are the kind of business that looks for far more certainty than can ever exist in politics. The rest of us have good reason to suppose that it will probably be much better when we bring our government home.

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Scottish economy 'enters 2014 with growth momentum' as it continues to show signs of recovery, says Bank of Scotland

Scottish economy 'enters 2014 with growth momentum' as it continues to show signs of recovery, says Bank of Scotland | Business Scotland | Scoop.it
THE Bank of Scotland monthly report revealed January had recorded the
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Keith Brown: Scottish Government's £8bn transport plans could bring 50,000 jobs

Keith Brown: Scottish Government's £8bn transport plans could bring 50,000 jobs | Business Scotland | Scoop.it
Scottish Government spending of £8 billion on major infrastructure projects could support up to 50,000 jobs, Transport Minister Keith Brown has claimed.
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Think-tank: Scotland's economy stronger than previously thought

Think-tank: Scotland's economy stronger than previously thought | Business Scotland | Scoop.it
While David Cameron is focused on narrow arguments of national identity, substantial economic evidence has confirmed that Scotland will be a wealthy independent nation. New reports published today by the National Institute of Economic and Social Research (NIESR) have re-emphasied Scotland's key
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Payday lenders to be excluded from business rate relief in budget

Payday lenders to be excluded from business rate relief in budget | Business Scotland | Scoop.it
John Swinney has said firms that give out short term, high cost credit won't be eligible for cheaper rates of tax on businesses.
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Scottish Ministers Capsized In Northern Isles Ferry Procurement Challenge - Government, Public Sector - United Kingdom

Scottish Ministers Capsized In Northern Isles Ferry Procurement Challenge - Government, Public Sector - United Kingdom | Business Scotland | Scoop.it
4 Feb 2014 - United Kingdom - Government, Public Sector - Scottish Ministers Capsized In Northern Isles Ferry Procurement Challenge - MacRoberts - On 4 May 2012, Transport Scotland announced that it intended to award a contract to run ferry services from the Scottish mainland to Orkney and Shetland to Serco Ltd. Shetland Line (1984) Limited ('Shetland Line'), challenged the award following a dispute about the 'standstill period'.
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ScottishPower rejects post-indy break-up claim by Spanish paper

ScottishPower rejects post-indy break-up claim by Spanish paper | Business Scotland | Scoop.it
SCOTTISHPower has dismissed warnings it may have to sell off part of the company in the event of Scottish independence.
Peter A Bell's insight:

Few will doubt that lurking somewhere in the background to this Expansión article lies the conspiratorial relationship between the Tories and Mariano Rajoy's right-wing Partidad Popular. And once again the UK government finds itself caught between the rock of its anti-independence propaganda and the hard place of its loyalty to vested interests.

This is going to be an increasingly difficult path to tread as the rhetoric is ramped up in the final months and weeks of the referendum campaign. British nationalists appear not to have taken account of the fact that, in seeking to scare the people of Scotland into voting against their own sovereignty, they also ran the risk of putting the frighteners on the British state's corporate clients.

The likelihood is that more and more business leaders will feel it necessary to speak out as Scottish Power has done in order to allay the concerns caused by the UK government's reckless fear-mongering. This will be good news for the Yes campaign, of course, as droves of "business leaders" come forward to contradict and condemn the ever wilder assertions denigrating Scotland and talking down the nation's economic prospects.

British nationalists obviously care nothing for the people of Scotland and will happily sacrifice their interests in the name of preserving the structures of power and privilege which define the British state. But irresponsible anti-independence propaganda runs the risk of alienating big business. And that would never do.

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Peter A Bell's curator insight, January 29, 6:39 AM

Few will doubt that lurking somewhere in the background to this Expansión article lies the conspiratorial relationship between the Tories and Mariano Rajoy's right-wing Partidad Popular. And once again the UK government finds itself caught between the rock of its anti-independence propaganda and the hard place of its loyalty to vested interests.

This is going to be an increasingly difficult path to tread as the rhetoric is ramped up in the final months and weeks of the referendum campaign. British nationalists appear not to have taken account of the fact that, in seeking to scare the people of Scotland into voting against their own sovereignty, they also ran the risk of putting the frighteners on the British state's corporate clients.

The likelihood is that more and more business leaders will feel it necessary to speak out as Scottish Power has done in order to allay the concerns caused by the UK government's reckless fear-mongering. This will be good news for the Yes campaign, of course, as droves of "business leaders" come forward to contradict and condemn the ever wilder assertions denigrating Scotland and talking down the nation's economic prospects.

British nationalists obviously care nothing for the people of Scotland and will happily sacrifice their interests in the name of preserving the structures of power and privilege which define the British state. But irresponsible anti-independence propaganda runs the risk of alienating big business. And that would never do.

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Facts versus the "don't know campaign"

Facts versus the "don't know campaign" | Business Scotland | Scoop.it
The Scottish people deserve the truth from the No Campaign but they are not getting it.
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New Scottish bank set to be approved

New Scottish bank set to be approved | Business Scotland | Scoop.it

A new Scottish-based bank has said it expects to be granted approval to operate by financial regulators.

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Johnston Press hopes to raise £75m with new rights issue

CEO Ashley Highfield seeks debt-refinancing package
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English mortgages will rise with no currency union - GMK on Newsnight Scotland. - YouTube

Gordon MacIntyre-Kemp explains how scare stories on companies leaving Scotland - if we decide to build a better nation - date back to the devolution referend...
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Other Voices: the business case for a Yes vote

Other Voices: the business case for a Yes vote | Business Scotland | Scoop.it
Tony Banks, founder of Balhousie Care Group, and Director of Business for Scotland, argues that only a Yes vote can provide certainty for business.
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Independence brings opportunities, not complication, for business

Independence brings opportunities, not complication, for business | Business Scotland | Scoop.it
The UK Ireland border: not a border post in sight. As a qualified Lawyer in Scotland as well as in England & Wales, I can understand how two complex systems of law can operate successfully and independently, yet retain influence over and working respect for each other. I also know which system
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Scotland's Economy Hits High on Private Sector Growth

Scotland's Economy Hits High on Private Sector Growth | Business Scotland | Scoop.it
Bank of Scotland PMI shows private sector growth in economy recovers after tailing off in 2013.
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Everyone is talking about Business for Scotland

Everyone is talking about Business for Scotland | Business Scotland | Scoop.it
On Thursday February 6th at First Minister's Questions in Holyrood  a question was asked regarding independence supporting business leaders.  In response the First Minister mentioned the hundreds of independence supporting business members of Business for Scotland. Business for Scotland has now
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Business for Scotland Perth Event

Business for Scotland Perth Event | Business Scotland | Scoop.it

How would independence affect you, your business and your family?
Time is running out as we head towards one of the most important dates in this huge year for Scotland. Come along and be part of a Business for Scotland event where we will present the facts which will enable you to make an informed decision about independence on September the 18th.


With a range of guest speakers from the local business community including Tony Banks of Balhousie Care, as well as a representative from Business for Scotland, this event will provide all the answers to the main economic questions that have framed the independence debate. A further question and answer session will also provide the opportunity for all attendees to gain greater knowledge of the crucial facts concerning Scotland’s economy.


After the presentation there shall be time for networking and discussion. We encourage all YES supporters as well as undecided and no voters in the Perthshire area to come along and be part of the discussion on Scotland's future. 


Speakers 


Tony Banks 

Tony Banks is the founder and head Balhousie Care Group, Scotland's largest independent care home provider. A former Falklands War veteran and a Perth businessman he is also one of the founding members of Business for Scotland. A successful businessman and a dedicated charity fundraiser, he passionately believes in Scottish independence.


Jim Fairlie 


Jim Fairlie is a Perthshire based farmer, a founding member of Farmers for YES and a vocal advocate of the quality of Scottish farm produce. He will outline why he believes independence will invigorate the food and drink sector, producing jobs and boosting our economy. 

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Energy and consumers: Scottish independence offers a renewable and sustainable future

Energy and consumers: Scottish independence offers a renewable and sustainable future | Business Scotland | Scoop.it
The development of renewable energy technology presents major opportunities for the Scottish economy. Over the past decade the sector has grown dramatically and it now accounts for 40.3% of Scotland's electricity consumption. This forms part of Scotland's many strengths in the sector which allows
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BP reveals plans for Aberdeen 'heartland' until 2050

BP reveals plans for Aberdeen 'heartland' until 2050 | Business Scotland | Scoop.it

ABERDEEN remains the ­"heartland" of the oil and gas industry, BP chief executive Bob Dudley has said, with the company's plans for the North Sea expected to keep production going past 2050.

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Controlling our future: Scottish fishing and the need for independence

Controlling our future: Scottish fishing and the need for independence | Business Scotland | Scoop.it

It is difficult to imagine that there is any connection between the success of a country’s economic strategy and Scotland’s fishing industry. But there is and it’s a salient lesson. Scotland's economic strategy Strategy is the art of placing yourself in an advantageous position for the

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Dot Scot domain gives Scotland digital identity - Telegraph

Dot Scot domain gives Scotland digital identity - Telegraph | Business Scotland | Scoop.it
A deal has been reached to create new websites with .scot as an alternative to .co.uk or .com, forging a digital identity for Scotland
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