MSP welcomes growth in the Scottish economy

The SNP today (Monday) welcomed new findings showing that growth in Scotland's private sector in March led to the steepest monthly rise in employment since July 2007.

According to new data from the Bank of Scotland, businesses grew at the quickest rate for a year and the results point to a brighter outlook for Scotland’s economy despite cuts in the UK Government’s budget.

David Torrance, SNP MSP for Kirkcaldy, welcomed the survey and its findings.

He said:

“This is a fantastic report that shows Scotland’s economy can grow despite the harsh cuts and conditions imposed by the UK Government.

"The SNP are doing everything in our powers allowed to the Scottish Parlaiment to support recovery, by encouraging investment which will create jobs and retain Scotland's position as the most competitive environment for business in the UK.

"We are committed to attracting new investment - in the last few weeks, Gamesa's decision to locate in the Port of Leith and create 800 new jobs, as well as GlaxoSmithKline's 100 million pound expansion plans for sites in Montrose and Irvine are evidence of this.

"Scotland's food and drink industry is performing extremely well with an all-time high in exports of 5.4 billion pounds last year, underpinned by a strong performance from the whisky industry.

"These developments are positive indications of economic recovery in Scotland, but the process of recovery needs a big push of increased capital investment so that it can continue to move forward. Westminster must realise this and change course by investing in Scotland.

"There is a lot of interest in this country and this survey contradicts the scaremongering by the anti-independence parties that the question of Scotland’s constitutional future is creating uncertainty for businesses."

 

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