Irish finance expert urges Scots independence
One of the leading lights of Irish finance has urged Scots to pursue independence to maximise the benefits of its world-class financial services industry.
Mary Fulton, financial services partner in Dublin with "big four" accountancy firm Deloitte, told the Sunday Herald that Scotland would be more likely to build a thriving financial services sector as an independent nation.
The call was echoed last week by Ben Thomson, chairman of Scotland's leading investment bank Noble Group and a declared supporter of fiscal autonomy, who said Ireland's example showed that Scotland suffered from being "shackled to the UK tax system".
SNP MSP Alex Neil said:"Ms Fulton’s comments endorse what many in the business community already know."
"With Independence, Scotland would have the full range of powers needed to deliver a more competitive business environment and to attract even greater investment into our financial services sector.
"While the Scottish financial sector has done incredibly well over the past 10 years the Irish financial services industry has grown by nearly 300% over the same period.
"There is no doubt Ireland’s power as an independent country to set competitive tax rates, a power Scotland does not have, has been a key factor in that success.
"The SNP in Government is already delivering real improvements for Scottish business with lower taxes on small businesses and a skills strategy that meets employers needs and is winning the support of the business community in the process.
"As more and more business people see the potential for Independence to deliver a more competitive economy and a growth rate to match that of other small European nations that support will only continue to grow."
A recent survey by the Scotsman newspaper
found 39% of business people more likely to support Independence than
they were prior to the SNP's election win.