"Speaking to an audience of political and business leaders in Glasgow, CBI Chair Rupert Soames will call on the UK and Scottish governments to "walk on the same road to growth" and not let the "hurly-burly of an election destroy the close collaboration needed to attract investment." In championing Scotland's historic role as a "catalyst for the United Kingdom's fortunes", Soames will argue that excessive politicking risks squandering Scotland's enormous economic potential - including "natural energy resources that make our competitors green with envy.""
""We need to get the economy growing again. It is growth that will make people more prosperous; growth that will make our public services affordable; and growth that will enable us to pay down some of the debt we incurred during Covid - rather than leaving it as an obligation for our children and grandchildren. The UK Government gets that - their whole election campaign and economic model was based on getting the economy growing again.""
UK and Scottish governments should collaborate closely to attract investment and avoid election-driven disruption that could undermine growth. Scotland possesses significant natural energy resources that provide a competitive advantage. Excessive politicking risks squandering Scotland's economic potential. The UK government has prioritized growth, enhanced trade and defence standing, and sought to reduce over-complex and inefficient regulation. Businesses express concerns about recent changes to employer National Insurance Contributions and employment-rights proposals. Economic growth is necessary to increase prosperity, make public services affordable, and enable repayment of Covid-era debt rather than leaving it to future generations.
Read at London Business News | Londonlovesbusiness.com
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