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Scottish businesses unconvinced about independence

Published: 21 November 2013
Based on the current information available, an overwhelming 73% of Scottish small businesses believe Scotland should remain part of the UK, with only 15% intending to vote in favour of independence next year.
Scottish businesses unconvinced about independence
However 60% feel information is still lacking on the potential impact of independence.

That's according to the latest research from national business group, the Forum of Private Business (FPB). The results coincide with the release of the Scottish government paper outlining how independence could boost the country's economy, and come ahead of the publication of a White Paper on the independence issue on November 28.

The FPB's study suggests that the Scottish government still has considerable ground to cover to convince Scottish firms of the benefits of an independent state.

With 300 days to the vote, businesses were unanimous that both the Scottish and Westminster governments need to be clearer on how Scottish independence may potentially affect trade with the rest of the UK and Europe.

The top concern was the lack of clear information on the potential impact on regulation and taxation (73%) followed by transport (70%) and national resources (70%).

On the economic benefits of independence, 49% of businesses questioned see it as a threat to the country's future economic growth, while only 17% see it as a potential opportunity. Businesses struggling with increased costs identified uncertainty as a significant problem when it comes to future business planning. One in two business owners said the divisive nature of the debate was damaging to their business.

Alexander Jackman, head of policy at the FPB, said: "The research indicates that many firms have made up their mind already, despite the lack of information up to now and a more positive view of the Scottish parliament compared to the parliaments in Westminster and Brussels.

"The next 300 days will see some intensive campaigning from both camps, but amidst the hailstorm of statistics what businesses will welcome is some clarity over the positives and negatives of remaining part of the UK."

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