View more on these topics

CBI ‘not convinced’ on case for Scottish independence

The Confederation of British Industry has said breaking up the UK could be costly and could create significant economic dislocation.


Speaking at the CBI Scotland annual dinner last night, new CBI president Sir Mike Rake said the campaign for an independent Scotland had not properly answered a number of issues raised by the Treasury’s recent analysis of the cost of Scottish independence, including how cross border tax arrangements, shared regulatory and legal systems and a shared currency would work.

Rake said: “The CBI is not convinced of the economic case for independence and has asked some important questions of the Scottish Government. These need to be clearly answered so that the Scottish electorate can make their decision with full knowledge of the potential business and economic implications of independence.”

Rake also said the question of Scotland’s place in Europe remained unclear.

Rake said: “What would be the implications of independence on our unified labour market, integrated infrastructure and our catalogue of well-honed business arrangements, and our position in the European Union?  That’s why it is so important for the Scottish Government to fully respond and we look forward to the publication this autumn of the independence white paper.”



Protection for protection’s sake

After what seems like an age of dwindling house prices and a property slowdown, the housing market is improving. This is great news for advisers and should bring with it more opportunities to sit down with clients and discuss their protection needs. During the downturn protection insurance certainly wasn’t off the radar as many advisers […]

£1m forecast for two-bed homes in Prime London

Research from estate agent Marsh & Parsons suggests the average price of a two-bed property in prime London could reach £1m by the end of Q1 2014. The last 12 months have seen a 14 per cent appreciation in two-bedroom Prime London homes to the current average price of £909,203 according to the estate agent. […]

MS Leader: The right building blocks?

The market continues to look healthy, with the Bank of England’s latest money and credit report the number of loan approvals for house purchase in July this year was 60,624, a 30 per cent increase on the 46,665 approvals in July last year. Obviously if this just creates another property bubble in hot spot areas […]

Partied out and penniless

December has left me destitute. My piggy bank lies broken and empty, my lunchtime meal deal feels like an extravagant expense and I’m down to the Bountys in my box of Celebrations. But I won’t mourn my dearly departed pennies. Between buying gifts for loved ones (then deciding to keep them for myself) to treating […]


News and expert analysis straight to your inbox

Sign up