Caddick: urgent action needed to avoid recession

Scottish Liberal Democrat economy spokeswoman Cllr Carolyn Caddick today called for urgent investment in jobs and extra support for businesses as new figures revealed a fall in the number of Scots in employment.

These figures came as a new report from the Fraser of Allander Institute warned that Scotland came close to recession in 2015 and is at risk of slipping back in coming months.

Commenting, Cllr Caddick said:

“Last month the Scottish Government were quick to congratulate themselves over 2015 employment figures. Now we learn that in fact we were flirting with recession last year and we may struggle to avoid slipping back in coming months.

“We need a long-term plan to support businesses and help people seeking work and that starts with investment in education to ensure that companies can hire the staff they need.

“What these figures also highlight is the scale of the risk that Brexit poses to the jobs of people across Scotland. We have seen billions wiped off the value of companies who employ thousands of Scots as a result of the threat of Brexit. The reality would be much worse. The economic benefits we take from the EU is one of the strongest positive arguments for working with our European partners and if people care about protecting jobs then they must vote Remain next week.”

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