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SCC COMMENT ON STANDARD LIFE REPORT

Thu, 2014-02-27 16:02

Commenting on the referendum related issues raised by today’s publication of Standard Life’s Annual Report and Accounts, Liz Cameron, Chief Executive of Scottish Chambers of Commerce said:

“Scottish businesses plan ahead for different situations, whether it is the referendum or other economic changes and they are obliged to report external issues which may impact on their business – this is normal practice.

“Today’s announcement from Standard Life confirms what businesses have said since the referendum debate started: uncertainty from any source can impact on the operations of any business.  It is therefore sensible and necessary to plan for possible eventualities and there is a responsibility towards both shareholders and customers to do so.

“Businesses can plan best in a stable economic environment.  The referendum is necessarily creating some degree of uncertainty and businesses will naturally work with this and plan accordingly, so whether Scotland chooses to vote ‘yes’ or ‘no’, they will need stronger detail from both sides of the campaign on issues such as tax, currency and European Union membership in order that they can best plan for the future.”