Scottish Chambers of Commerce has welcomed today’s announcement by the Scottish Government of an acceleration of its capital spending plans in the wake of the decision for the UK to leave the European Union. However, this must be backed up by action to tackle businesses’ cost base. Commenting, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said:
“This is a great example of the Scottish Government using devolved powers it has at its disposal to deliver a timely boost to the Scottish economy. However, it must be clearly targeted to provide a shot in the arm to Scotland’s businesses and to support jobs in the short, medium and long term.
“This is a very welcome first step in the process of supporting businesses. Businesses are looking for our Governments in Edinburgh and London to invest in infrastructure and skills in order to support business at this crucial time. We would also ask that the Scottish Government follows this up with action to reduce the cost base of businesses, including a reduction in the burden of business rates and an acceleration of the planned reduction in Air Passenger Duty.”