The Scottish Council for Development & Industry (SCDI) comments on today’s (24 August 2016) Government Expenditure & Revenue Scotland (GERS) figures released here:
Claire Mack, director of Policy & Place, SCDI, said:
“These GERS figures highlight our challenging fiscal position and the need to prioritise increasing productivity, innovation, and internationalisation of businesses across every sector of the economy.
“The impact of the low oil price and lower growth highlights the need to ensure businesses are able to take the steps necessary to improve their competitiveness if there are to endure in this new environment – especially with the prospect of Brexit.
“The stark numbers of this report show the importance of addressing the structural weaknesses of our economy, grasping technological change, and improving the agility of businesses and the public sector to respond and shape new trends and opportunities.
“SCDI will continue to do all we can to support our members and push for reforms to strengthen Scotland’s economic resilience.”
ENDS
Notes to editors:
SCDI (Scottish Council for Development & Industry) is Scotland’s leading independent economic development organisation working across the public, private and social economy sectors, representing 1,200 organisations including global corporate companies, SMEs, public sector bodies and educational institutions, professional associations and trade unions, faith groups, charitable and social economy sector organisations.
For further information, please contact our SCDI policy team:
Fraser Grieve, SCDI Claire Mack, SCDI Gareth Williams, SCDI
T: 01463 218666 T: 0141 222 9744 T: 07917 103997
E: fraser.grieve@scdi.org.uk E: claire.mack@scdi.org.uk E: gareth.williams@scdi.org.uk
ENDS
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