SNP welcome Sir Tom Hunter's calls for UK Plan B

The SNP has called on the UK Government to listen to the call from Sir Tom Hunter to adopt a new approach to stimulate growth in the economy.

In today’s Herald, Sir Tom says the coalition needs a better balance as it is too concerned about cutting public sector deficit instead of assisting recovery.

John Wilson, Deputy Convenor of the Scottish Parliament’s Economy committee, said: “Sir Tom’s comments are part of growing calls on the UK Government to face up the fact its policies are harming the economy.

“The UK needs a “better balance” between cutting the deficit and growing the economy – something the SNP Government has been urging for some time now.

“Sir Tom’s call for stimulation in the economy underlines the urgent need for a rethink of policy at Westminster.

“The UK Government must stop with its negative cuts campaign and instead boost consumer confidence with investment in infrastructure, encourage banks to lend and be flexible in its approach to economic policy.

“These actions have been enacted by the SNP Government and resulted in a stronger Scotland with higher employment and lower unemployment than the rest of the UK.

“We are building recovery in Scotland with a growth strategy prioritising capital investment. But we need access to all the key levers of economic growth to fully support Scotland’s economy.

“Borrowing powers and corporation tax must be fully devolved to allow us to enhance investment and to create a more prosperous nation.”