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SCC CALLS FOR ACTION TO CUT BUSINESS COSTS AND STIMULATE DEMAND

[ 17-10-2012 ]

Commenting on the news that unemployment in Scotland has risen by 7,000 in the three months to August, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:

 
“It is extremely unwelcome and disappointing news that Scottish unemployment has risen for the second consecutive month and that the gap between the rates of unemployment in Scotland and the UK as a whole is growing, with Scottish unemployment now 0.3% above the UK average.
 
“We know from speaking with our members that business confidence was low over the summer months and that cost pressures are affecting the capacity of businesses to expand and create jobs.  In order to address this we need to see business costs reduced and the Scottish Government could assist here by imposing a freeze on business rates for 2013/14, saving Scottish businesses £163 million that could be invested in growth and creating employment opportunities.
 
“Government at a UK level also needs to examine ways of stimulating demand in the economy and our demand from the Chancellor’s Autumn Statement is that it signals a firm commitment by Government to boost capital spending across the economy, which would impact nationwide and provide a well timed boost to business.”
 

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