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  By a Newsnet reporter

The SNP has condemned the UK Government’s discriminatory welfare reforms as a new report has revealed that women will lose out the most due to Westminster’s changes to the benefits system.

The report, published today by the Scottish Government, highlights how key changes implemented by Westminster’s Welfare Reform Act 2012 will disproportionately affect women and families, including the slashing of Child Benefit, reduction in the proportion of childcare costs covered by Working Tax Credit, and the overall benefit cap, of which 60 per cent of those affected by the change are single female households.


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  By Martin Kelly
 
The Oil and Gas industry looks set to enjoy a second boom period from the largest amount of investment ever with £13.5bn set to be targeted at the sector.
 
Today Oil and Gas UK have highlighted the amount of revenue generated for the UK economy through production of oil and gas and the exporting of key technology to other countries.


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  By Martin Kelly
 
A revolutionary drilling technique developed by academics at Aberdeen University looks set to save oil companies billions of pounds and transform marginal North Sea oil fields into very profitable prospects.
 
According to the Press and Journal, the new technique which is about to be tested at sea, allows rock to be penetrated up to ten times quicker than by conventional means.


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  By Martin Kelly
 
New technology will extend the life of the North Sea oil and gas industry by decades according to a leading industry figure.
 
Iain Hutchison, who is the founder of Merlin Extended Reach Drilling, said the sector could benefit from new techniques that allow fields previously thought too risky or marginal to be targeted.


Newsnet Main Articles

  By a Newsnet reporter  
 
A new report published by Ernst and Young has predicted that Scottish exports will soar over the next four years with engineering, chemicals, aerospace and whisky performing well.
 
According to the leading accountancy, Scottish exports will grow from £18.2 billion in 2012 to £20.1bn in 2017 in real terms.


Newsnet Main Articles

  By Russell Bruce

Scottish output continues to grow month on month indicating that the economy is slowly beginning to pick up.  Firms are continuing to recruit, increasing employment to meet demand and rising backlogs according to the latest Purchasing Managers’ Index from Bank of Scotland.

Manufacturing has again shown more growth this month at 58 against 56 for the services sector. Scottish manufacturers are showing the second highest growth acceleration since the beginning of 1998 when data collection began. In over 15 years, only February 2011 recorded a higher monthly figure for manufacturing growth output.


Newsnet Main Articles

  By Martin Kelly
 
A poll of oil workers has found mixed views on the effect independence would have on the industry.
 
The survey for NES Global Talent found that 54% of respondents believe that more jobs will be created as a result of a Yes vote in next year’s referendum.

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