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By a Newsnet reporter

The Scottish Government has announced that the country now generates over one third of all its electricity from renewable sources.  Statistics published on Thursday show that the amount of renewable electricity generated in 2011 rose almost 45% on 2010 to 13,750 Gigawatt hours (GWh).


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By a Newsnet reporter

SNP MSP Colin Keir has written to British Airways owner IAG calling on them to make public the additional remedies the company has submitted to the European Union Competition Commissioner in its bid to buy BMI.


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By a Newsnet reporter

Commenting as Royal Mail announced that the price of a first-class stamp is to increase by more than 20 per cent from April, from 46p to 60p, while that of a second class stamp will almost double from 28p to 50p, SNP Postal Affairs spokesperson Mike Weir MP warned that the increase would price small businesses out of the first class market.


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By a Newsnet reporter
 
The strength of Scotland’s renewables sector and investment in Scotland’s wind and wave energy potential has been reaffirmed with the publication of a report by Scottish Renewables showing the sector supports the equivalent of 11,000 full-time jobs in Scotland.
 
The figures were collated before global renewables firm Gamesa’s announcement that they will create upwards of 800 new jobs at the Port of Leith as well as bringing €150 million of investment in the Scottish economy.


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By Andrew Barr

The UK Government has held discussions over selling part of an 82 per cent stake in the Royal Bank of Scotland.  The stake, which is currently held by UK taxpayers, could be sold to an Abu Dhabi sovereign wealth fund at a loss.

£45.5bn of taxpayers’ money was invested by the UK Government in 2008-9 in order to prevent the bank from collapsing.  At the time the UK Government bought RBS shares at an average of 50p, almost double that of the current price.


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By a Newsnet reporter

The SNP has welcomed news that Scottish cities are punching above their weight in relation to what businesses contribute to the UK economy per head of population.

Edinburgh tops the list – with £34,950 of Gross Value Added per head (GVA) in 2009 – of English, Scottish, Welsh and Northern Irish cities.  The findings show that Edinburgh contributes even more to the UK economy per head of population than London, the city which is traditionally considered the powerhouse of the UK economy.


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By a Newsnet reporter

Commenting as the average price of petrol broke through the 140p a litre barrier today (Friday), with diesel at a new record of 146.72p, SNP Westminster Transport spokesperson Angus MacNeil MP warned that soaring fuel prices were hindering economic recovery and called for Chancellor George Osborne to honour his pre-election promise to introduce a Fuel Duty Stabiliser to deliver a permanent stabilisation measure which would bring prices under control.