September 19, 2014
Business groups in the UK have given their reactions to yesterday's referendum vote against Scottish independence.
Simon Walker, Director General at the Institute of Directors (IoD), felt that the 'No' decision is a positive result, saying that "Many businesses will breathe a sigh of relief" that the prospect of prolonged negotiation over separation has been avoided.
John Longworth, Director General of the British Chambers of Commerce (BCC),was more considered, saying: "The people of Scotland have spoken. Their historic decision to remain part of the United Kingdom will be a relief to many businesspeople and a disappointment to others, but it was a decision for the Scottish people alone to make.”
For some, the news will come as no surprise. A survey of Scottish Forum of Private Business (FPB) members in August suggested that most small business owners would vote against Scottish independence.
Most felt that now the decision is made, the key is to move forward. John Cridland, CBI Director-General, said: "This is a momentous day for our United Kingdom. Business has always believed that the Union is best for creating jobs, raising growth and improving living standards, and welcomes that the people of Scotland want to play an integral role in this internationally successful partnership.
"As the debate now moves to the question of further devolution, it is important that it does not undermine the strength of the single internal market and it is in the best interests of citizens living in England, Wales and Northern Ireland, as well as those in Scotland."
The Federation of Small Businesses (FSB) was equally forward-looking. FSB Scottish policy convenor Andy Willox said: "The result is clear. We must now focus on the future and how we can come together to make Scotland the best place to live, work and do business.
"Business and entrepreneurship have a crucial role to play in delivering the fairer and more prosperous Scotland for which so many expressed a keen desire during the campaign.
"With the Scottish Parliament set to become a more powerful actor in our economy, the touchstones of the new devolution settlement must be boosting business and growth.”
John Longworth agrees: "Businesses will now expect Westminster and Holyrood to reach a devolution settlement that is clear, fair to both sides, and swiftly executed."