HomeBusinessScottish directors believe that SNP, Greens are worse on the economy Achi-News

Scottish directors believe that SNP, Greens are worse on the economy Achi-News

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Achi news desk-

The findings which appeared in our Business Headquarters Monthly supplement show that directors think Holyrood is behind Westminster on the economy.

The Herald:

When asked whether the Scottish Government is doing a better or worse job on business and the economy than the UK Government, or whether their performance is similar, 68% of the 133 respondents, 91 in total, said “worse ”, 13% said “better”. ” and 19% believed “similar”.

It also found that 85% of respondents believe that the likelihood of an independence referendum has decreased in the last year.

The poll further reveals that the Scottish Government is not right to use its devolved powers to levy more income tax on higher earners.

Read Ian McConnell’s story here


Historic Glasgow jeweler brightens up high street with £20m investment

You don’t need to look far for signs of decline in town and city centers across the UK, especially as the economy continues to grapple with the fallout from the coronavirus pandemic and continued upheaval in the sector retail.

The Herald: At its heart is the multi-million pound restoration of the historic Rowan House on Buchanan Street in Glasgow, where phase one was recently completed with the opening of a new viewing service centre.At its heart is the multi-million pound restoration of the historic Rowan House on Buchanan Street in Glasgow, where phase one was recently completed with the opening of a new viewing service centre. (Image: Newsquest)

However, one of Scotland’s oldest jewelers is reinforcing its commitment to the high street. Family-owned Laings, which can trace its roots back to 1840, is undertaking a capital investment program expected to cost up to £20 million which will transform its bricks and mortar presence into his home city of Glasgow and other trading locations across the UK.

Read Scott Wright’s story here


Brexit label change to cost Scottish family milk £300,000

A Scottish dairy has criticized plans to label Brexit as “a huge cost to a family business”.

The Herald: Robert Graham said the move would cost the business hundreds of thousands of pounds, and lead to a change in packaging for over 300 of the dairy company's plots, which equates to millions of units' the weekRobert Graham said the move would cost the business hundreds of thousands of pounds, and lead to a change in packaging for over 300 of the dairy company’s lines, which equates to millions of units a week. (Image: Graham’s Dairy)

The managing director of Scotland’s largest independent dairy has urged the UK Government to rethink its “non-EU” labeling scheme due to be introduced in October which will pile up bills out of nowhere for businesses across the country. Robert Graham, of Graham’s Family Dairy said the proposed change would cost the company £300,000 before even considering the cost of labor time, complexity and additional running costs.

Read Brian Donnelly’s story here


Social Hub is bringing a new era of collective living to Glasgow’s student housing

The long-awaited opening of The Social Hub – a combination of four-star hotel, student accommodation, co-working space and leisure facilities – will officially take place on April 12 following a £90 million investment in a new 20,000 square meter building. a hub in Glasgow’s Commercial City.

Read Kristy Dorsey’s story here

The Herald: Initially backed by private equity, Social Hub has more recently secured funding from major institutional investors APG, a Dutch pension fund, and Singapore's sovereign wealth fund GIC.  This will provide firepower for growth plans going forward.Initially backed by private equity, Social Hub has more recently secured funding from major institutional investors APG, a Dutch pension fund, and Singapore’s sovereign wealth fund GIC. This will provide firepower for growth plans going forward. (Image: Newsquest)

The concept is the brainchild of Charlie MacGregor, a native of Edinburgh, who established the first of what has grown into a portfolio of 18 hotels in 2012 in Rotterdam.

“Glasgow is on fire. Glasgow is buzzing. It’s been buzzing for a long time, so we’re really excited,” said Mr MacGregor.

“We have Glasgow and Edinburgh in our targets – we still want to be in Edinburgh, so we’ve been looking at both cities for a long time.”

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