SCC WELCOMES SCOTLAND BILL REPORT

Thursday 3rd March 2011

Commenting on today’s publication of the Scottish Parliament Scotland Bill Committee’s report, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:

“We welcome the direction of travel represented by the Scotland Bill Committee’s report.  One of the key additions to the devolved settlement that has been proposed has been the granting of borrowing powers to the Scottish Parliament.  This is long overdue, but must be meaningful if it is to succeed and contribute towards Scotland’s long term economic prosperity.  We support the view that capital borrowing thresholds should be extended significantly in order that Scotland’s infrastructure can be brought up to modern and effective standards.  Scotland is in need of improved transport and digital connectivity investment and adequate access to affordable finance is needed to make our ambitions a reality.  A connected economy is a successful economy and this is a goal we must pursue urgently.”

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