Independence poll 'damaging investment in Scotland'

 

The prospect of an independence referendum is damaging the Scottish economy, George Osborne has claimed.

Speaking to the BBC's Politics Show, the Chancellor called for more detail from First Minister Alex Salmond about the plans, and said the uncertainty had caused major companies to be concerned about investing in the country.

Mr Osborne told the programme: "The instability and the uncertainty that hangs over the Scottish economy (is) because of (First Minister) Alex Salmond raising the prospects of independence without actually providing any detail of when he wants to have his referendum, or what the question will be.

"I think that uncertainty is damaging investment in Scotland - and there are major businesses around the world who have asked me as Chancellor in the last year: 'Tell us what is going on in Scotland - we're worried about making an investment in that country.'

"I have told them go ahead with the investment, but I have to say those questions are being asked, and I think it is having a direct impact on Scottish jobs and Scottish prosperity."

But the Scottish National Party accused the Chancellor of jeopardising investment with his plans for North Sea taxation.

A spokesman for Scotland's First Minister told the BBC: "This is another example of the Tories talking Scotland down, and is the height of hypocrisy from the chancellor of a government which is undermining Scotland's recovery and has caused massive uncertainty to our vital offshore oil and gas industry with a shock tax hike."

In his last budget, the Chancellor unveiled a £2 billion levy on the profits of North Sea oil and gas companies to fund a cut in fuel duty.

The First Minister's spokesman said Scotland's recession had been "shorter and shallower" than that experienced across the UK.

MSP Mark McDonald, who represents North East Scotland, added that Mr Osborne "clearly doesn't understand the industry's concerns about his tax raid and its negative impact".

PA

Suggested Topics
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksNow available in paperback
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs General

Langley James : Desktop Support Analyst; 1st Line; Moorgate up to £23k

£20000 - £23000 per annum: Langley James : Desktop Support Analyst; 1st Line; ...

Recruitment Genius: Retail Sales Assistant

Negotiable: Recruitment Genius: This fragrance store are looking for enthusias...

Recruitment Genius: Project Manager

£35000 - £40000 per annum: Recruitment Genius: An exciting and rewarding role ...

Recruitment Genius: E-commerce Executive - UK / International

Negotiable: Recruitment Genius: You will be joining a long-established, renown...

Day In a Page

In a world of Saudi bullying, right-wing Israeli ministers and the twilight of Obama, Iran is looking like a possible policeman of the Gulf

Iran is shifting from pariah to possible future policeman of the Gulf

Robert Fisk on our crisis with Iran
The young are the new poor: A third of young people pushed into poverty

The young are the new poor

Sharp increase in the number of under-25s living in poverty
Greens on the march: ‘We could be on the edge of something very big’

Greens on the march

‘We could be on the edge of something very big’
Revealed: the case against Bill Cosby - through the stories of his accusers

Revealed: the case against Bill Cosby

Through the stories of his accusers
Why are words like 'mongol' and 'mongoloid' still bandied about as insults?

The Meaning of Mongol

Why are the words 'mongol' and 'mongoloid' still bandied about as insults?
Mau Mau uprising: Kenyans still waiting for justice join class action over Britain's role in the emergency

Kenyans still waiting for justice over Mau Mau uprising

Thousands join class action over Britain's role in the emergency
Isis in Iraq: The trauma of the last six months has overwhelmed the remaining Christians in the country

The last Christians in Iraq

After 2,000 years, a community will try anything – including pretending to convert to Islam – to avoid losing everything, says Patrick Cockburn
Black Friday: Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Helpful discounts for Christmas shoppers, or cynical marketing by desperate retailers?

Britain braced for Black Friday
Bill Cosby's persona goes from America's dad to date-rape drugs

From America's dad to date-rape drugs

Stories of Bill Cosby's alleged sexual assaults may have circulated widely in Hollywood, but they came as a shock to fans, says Rupert Cornwell
Clare Balding: 'Women's sport is kicking off at last'

Clare Balding: 'Women's sport is kicking off at last'

As fans flock to see England women's Wembley debut against Germany, the TV presenter on an exciting 'sea change'
Oh come, all ye multi-faithful: The Christmas jumper is in fashion, but should you wear your religion on your sleeve?

Oh come, all ye multi-faithful

The Christmas jumper is in fashion, but should you wear your religion on your sleeve?
Dr Charles Heatley: The GP off to do battle in the war against Ebola

The GP off to do battle in the war against Ebola

Dr Charles Heatley on joining the NHS volunteers' team bound for Sierra Leone
Flogging vlogging: First video bloggers conquered YouTube. Now they want us to buy their books

Flogging vlogging

First video bloggers conquered YouTube. Now they want us to buy their books
Saturday Night Live vs The Daily Show: US channels wage comedy star wars

Saturday Night Live vs The Daily Show

US channels wage comedy star wars
When is a wine made in Piedmont not a Piemonte wine? When EU rules make Italian vineyards invisible

When is a wine made in Piedmont not a Piemonte wine?

When EU rules make Italian vineyards invisible