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RISING UNEMPLOYMENT UNDERLINES NEED FOR HIGHER UK CAPITAL SPEND

[ 12-10-2011 ]

Commenting on the news that Scottish unemployment rose by 7,000 in the three months to August, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said: 
 
“The second half of this year was always going to be a difficult one for employment in Scotland with public sector cuts beginning to take hold, cost pressures on the increase and growing concerns about the state of the US and Eurozone economies.  Against this background, maintaining overall employment levels in Scotland was always going to be a challenge. 
 
“That said, it is encouraging that Scotland’s unemployment rate continues to be below the UK average and our employment rate remains above average and this is evidence of the resilience of our economy against global challenges.
 
“As the UK Government approach the Chancellor’s Autumn Statement, it is time that additional spending on infrastructure was considered as part of the strategy to reinvigorate growth.  This could have a major long term benefit to Scotland’s economy.”
 

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