Scots feel force of recession

Article Abstract:

Scotland remains optimistic about economic recovery. The region suffered last because Scots spent less throughout the boom 80s, house prices have remained stable and good oil production. Unemployment is below the national average. Scottish economic bias has changed from heavy to light industry since the 70s. The government agency that encourages inward investment Locate has attracted 4.5 billion pounds sterling of fixed capital investment since 1981. Many foreign firms have set up companies in Scotland. The service sector accounts for 64% of the regional gross national product.

Scotland, Economic development

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Boom and bust: a tale of two resorts

Article Abstract:

British holiday resorts receive more short breaks, day trips and corporate bookings in the 1990s because their facilities have improved to compete with foreign holiday packages. Blackpool, north-west England, has 17 million visitors a year, over half of whom stay for three nights or less. The local authority invests a great deal in tourism, particularly in the illuminations. Neighbouring Morecambe became run-down after Lancaster city council management. An improvement plan costing 50 million pounds sterling commences in 1992, including Frontierland amusement park.

Seaside resorts, Blackpool, England

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Men with the golden touch

Article Abstract:

High-level resignations and retirments attracting large compensation payments are questioned by shareholders. Six- or seven- figure amounts are common and there are more of them in 1992 than in the previous 20 years. Companies are unwilling to risk the bad publicity of stating reasons for dissatisfaction with senior people. The Cadbury report recommends a three-year notice period instead of the previously usual seven years. Institutional investors are more involved and non-executive directors are more active.

Investigations, Contracts, Labor contracts, Severance pay

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