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SCC COMMENT ON THE QUEEN’S SPEECH
[ 09-05-2012 ]
Commenting on the Queen’s Speech as it applies to Scotland, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:
On the Enterprise and Regulatory Reform Bill:
“Scottish Chambers of Commerce particularly welcome the legislative path that will bring the Green Investment Bank to Edinburgh. The decision to bring these headquarter functions to Edinburgh underlines Scotland’s strength in both financial services and renewable energy and we look forward to this bringing benefits to the city as soon as possible.”
“Reform of the Employment Tribunal system is essential in order to root out abuses and to give employers more confidence in embarking on the recruitment of new staff.”
On the Banking Reform Bill:
“This does not go far enough in terms of providing a direct boost to business lending through an ‘SME bank’ model. The evidence suggests that bank lending to SMEs continues to fall short of target and the Government still has a job to do to ease the flow of credit.”
On the Children and Families Bill:
“It is very disappointing that the UK Government has sought to intervene by legislative means in an area where most employers have been able to arrive at mutually acceptable agreements with employees. Businesses do not need added regulatory complexity and increased unpredictability in terms of flexible working and shared parental leave.”
On High Speed Rail:
“Although no Bill was forthcoming on High Speed Rail in this Queen’s Speech, the timescales for the project mean that legislation is expected by late 2013. It is essential that High Speed Rail features on the next Queen’s Speech as the construction of the first stage between London and the West Midlands is an essential step on the route to bringing High Speed Rail to Scotland, enabling wider cross-border connectivity and delivering much-needed capital investment.”
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