More than 130 Scottish business leaders have a signed a letter in favour of the Union. Photo: Getty
Show Hide image

Scottish business leaders call for No vote

More than 130 businesses have signed a letter in the Scotsman newspaper calling on Scotland to vote against independence.

Following a plea to Scotland from a list of 200 or so celebrities to vote No in an open letter to its population early this month, over 130 businesses have signed a letter saying the business case for Scottish independence “has not been made”.

The business leaders who signed the letter, which has been published in the Scotsman, head many signature, symbolically Scottish, industries in the country: Harris Tweed Hebrides, Glenkeir Whiskies Limited, The Scotch Whisky Association, University of St Andrews, Cairn Energy, Edrington (which owns the whisky brand the Famous Grouse) and Edinburgh University Press.

The signatories on the letter come from a wide range of industries, including food, drink, energy, banking, engineering, mining and technology. The heads of HSBC, Baxters Food Group and BHP Billiton, a big mining company, have put their names to the letter, which argues that, with the Scottish economy growing, it would be better for Scotland for it to remain in the Union.

Here is the text of the letter:


The outcome of the referendum on 18 September will affect our generation and the generations to come. Much is at stake. Our economic ties inside the United Kingdom are very close and support almost one million Scottish jobs. The rest of the UK is Scotland's biggest market by far. As job creators, we have looked carefully at the arguments made by both sides of the debate. Our conclusion is that the business case for independence has not been made. Uncertainty surrounds a number of vital issues including currency, regulation, tax, pensions, EU membership and support for our exports around the world; and uncertainty is bad for business. Today Scotland’s economy is growing. We are attracting record investment and the employment rate is high. We should be proud that Scotland is a great place to build businesses and create jobs – success that has been achieved as an integral part of the United Kingdom. The United Kingdom gives business the strong platform we must have to invest in jobs and industry. By all continuing to work together, we can keep Scotland flourishing.

When I went to interview the shadow Scotland secretary Margaret Curran back in June in Glasgow for Total Politics magazine, it became clear during a trip around her constituency that business leaders were struggling even with the uncertainty caused by the build-up to the independence referendum.

We met the head of a local book distributor, which is essentially the trading arm of Publishing Scotland (the trade association for Scottish publishers). He told us:

“On the face of it, we think that a £10 book will be a £10 book if you buy it in England, but a £12 book if you buy it in Scotland… Oh, dear God, separation is an absolute nightmare. It’s not the move to independence itself, per se, that’s going to drive them [customers] away, it’s the uncertainty as we move towards that. It’s the threat of it.”

This is just one example of how not only independence itself, but also the prospect of it, is something the Yes campaign should consider when coming to the effect of the debate on business. The 130 businesses intervening today will certainly speak to both big and small businesses in Scotland, as well as to a number of people to whom they provide a service, particularly as many of them are heritage brands.

Anoosh Chakelian is deputy web editor at the New Statesman.

Getty Images.
Show Hide image

Jeremy Corbyn challenged by Labour MPs to sack Ken Livingstone from defence review

Former mayor of London criticised at PLP meeting over comments on 7 July bombings. 

After Jeremy Corbyn's decision to give Labour MPs a free vote over air strikes in Syria, tonight's Parliamentary Labour Party (PLP) meeting was less fractious than it could have been. But one grandee was still moved to declare that the "ferocity" of the attacks on the leader made it the most "uplifting" he had attended.

Margaret Beckett, the former foreign secretary and former deputy leader, told the meeting: "We cannot unite the party if the leader's office is determined to divide us." Several MPs said afterwards that many of those who shared Corbyn's opposition to air strikes believed he had mishandled the process by appealing to MPs over the heads of the shadow cabinet and then to members. David Winnick declared that those who favoured military action faced a "shakedown" and deselection by Momentum activists. "It is completely unacceptable. They are a party within a party," he said of the Corbyn-aligned group. The "huge applause" for Hilary Benn, who favours intervention, far outweighed that for the leader, I'm told. 

There was also loud agreement when Jack Dromey condemned Ken Livingstone for blaming Tony Blair for the 7 July 2005 bombings. Along with Angela Smith MP, Dromey demanded that Livingstone be sacked as the co-chair of Labour's defence review. Significantly, Benn said aftewards that he agreed with every word Dromey had said. Corbyn's office has previously said that it is up to the NEC, not the leader, whether the former London mayor holds the position. In reference to 7 July, an aide repeated Corbyn's statement that he preferred to "remember the brilliant words Ken used after 7/7". 

As on previous occasions, MPs complained that the leader failed to answer the questions that were put to him. A shadow minister told me that he "dodged" one on whether he believed the UK should end air strikes against Isis in Iraq. In reference to Syria, a Corbyn aide said afterwards that "There was significant support for the leader. There was a wide debate, with people speaking on both sides of the arguments." After David Cameron's decision to call a vote on air strikes for Wednesday, leaving only a day for debate, the number of Labour MPs backing intervention is likely to fall. One shadow minister told me that as few as 40-50 may back the government, though most expect the total to be closer to the original figure of 99. 

At the end of another remarkable day in Labour's history, a Corbyn aide concluded: "It was always going to be a bumpy ride when you have a leader who was elected by a large number outside parliament but whose support in the PLP is quite limited. There are a small number who find it hard to come to terms with that result."

George Eaton is political editor of the New Statesman.