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By a Newsnet reporter

The Scottish Government has today welcomed the announcement by the global renewables firm Gamesa to pursue an agreement with the Port of Leith to establish its offshore manufacturing base in the UK.  The SNP have said the announcement represents a massive vote of confidence in the Scottish economy, and it demolishes Prime Minister David Cameron’s anti-independence scares over investment.


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By a Newsnet reporter

Following comments from the Scottish Building Federation saying George Osborne has “missed a crucial opportunity to accelerate recovery” by snubbing Scotland’s list of shovel-ready projects, the SNP is urging the UK Government to listen to mounting calls for infrastructure investment.


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By a Newsnet reporter

Sir Andrew Witty, the chief executive of Britain’s biggest drugmaker GlaxoSmithKline has today given the lie to claims made by UK ministers of business uncertainty in Scotland, saying that the company remains confident in Scotland’s future.  Sir Andrew added that the company’s investment in Scotland proves “actions speak louder than words”.


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By a Newsnet reporter

The SNP have attacked the main measures outlined in George Osborne’s Budget saying that it proves that the Coalition’s economic policies fail to deliver for Scotland and will not support the Scottish economy. 

The SNP have also criticised the Budget for hitting the poorest and elderly and for raising fuel prices while benefiting the highest earners.


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By a Newsnet reporter

The Scottish Government and TIGA, the trade association of the video games industry, have welcomed the introduction of a tax break which will help to boost employment and development of the industry.


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by a Newsnet reporter

Conservative Chancellor George Osborne has announced a cut of 5p in the 50p top rate of income tax, paid by those earning over £150,000 annually.  The cut will come into effect next year.   In a move the Chancellor says will benefit the low paid, the personal tax allowance will rise to £9,205 annually.   Mr Osborne claimed his budget “rewards work and unashamedly backs business”.


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By Martin Kelly
 
A request by the Scottish Government for funding to be made available for ‘shovel ready’ projects looks set to be ignored by UK Chancellor George Osborne.
 
First Minister Alex Salmond had asked for £300 million to be made available after UK PM David Cameron reportedly said he was sympathetic to the case.