In recognition of Business for Scotland’s growing profile within the Scottish Business community the organisation was invited to give evidence to the House of Commons Select Committee on Business, Innovation and Skills on 17th June. The session concentrated on the business and economics implications of Independence.
Given the lack of balance within the Select Committee itself (with all 7 MPs on the committee representing pro-Union parties) Gordon had to spend quite a bit of time correcting misunderstandings on the part of the Committee members concerning the economic facts surrounding the Independence debate.
Gordon clarified a number of points around EU membership, currency, Scotland’s economic strengths compared to rUK and the risks of the UK’s worsening debt position to the Scottish economy.
Other issues discussed included the use of Taxation policy after Independence to re-invigorate the Scottish economy, the increase in foreign direct investment (FDI) as we move towards the Independence referendum and the desire of Business for Scotland members for a fairer, as well as a more prosperous county after Independence.
Also appearing in the same session as witnesses were Iain McMillan, Director, CBI Scotland and Jo Armstrong, Independent Economic Researcher, Centre for Public Policy for Regions (CPPR), University of Glasgow.