Scottish business ready for political change?
Article Abstract:
The next UK government in all probability will not be headed by Prime Minister Margaret Thatcher due to the downturn in the UK economy, high inflation, and disenchantment over Thatcher's opposition to the European Community. A poll of 200 members of the Institute of Directors of Scotland revealed that the majority feels that the economy would be better managed by someone other than Thatcher. The Labour Party might win the next election, making Neil Kinnock the next Prime Minister. The Labour party under Kinnock has backed away from its anti-market stand and has become more mainstream. A Labour Government will likely increase the government's emphasis on training, infrastructure investment, environmental protection, balanced development between regions, and research and development. Many Scots businesspeople fear the devolution of home rule onto Scotland by a Labour government, believing that this may force them to move operations to England.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1990
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If pigs had wings...
Article Abstract:
The advent of the single European market does not hold as many opportunities for Scottish businesses as has been predicted. The Scottish economy is more export oriented than the UK economy as a whole, but exports are dominated by the office machinery sector, which is owned primarily by US and Japanese interests; and the food and drink sector, particularly Scotch whiskey. The two sectors represent 34% and 22% of exports, respectively. The Scottish economy is geographically peripheral to the European Community, and concentrating on Europe could prove dangerous. Scottish businesses should focus their attention on increasing their home market share, retaining and training key staff, and surviving the UK recession.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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Major political change
Article Abstract:
John Major's ascension to the office of Prime Minister to succeed outgoing Prime Minister Margaret Thatcher has revived the Conservative Party's fortunes in the opinion polls. The success of Major's government will depend on how quickly he moves to reform the poll tax, which has proven to be politically unpopular, and to alleviate the recession by easing monetary conditions. The poll tax is likely to be reformed by retaining some individual contribution to local services, and by making up the bulk of the local contribution with a branded property tax based on home capital values.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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