Skip to content
Search

Latest Stories

Anas Sarwar unveils expert panel to advise Scottish Labour on economy

The panel has been given the task of providing impartial advice to Sarwar

Anas Sarwar unveils expert panel to advise Scottish Labour on economy

SCOTTISH Labour leader, Anas Sarwar, has unveiled an expert independent board to advise the party on economic growth.

The panel consists of high-profile business leaders, including a media executive who appeared on The Apprentice, as reported by The Times.


Sarwar said that the panel will focus on green energy, finance, and technology, as well as promoting 'Scotland the brand'. Liz Cameron, the director and chief executive of the Scottish Chambers of Commerce, Sandy Begbie, the chief executive of Scottish Financial Enterprise, and Fran Hegyi, the executive director of the Edinburgh International Festival, are all part of the group.

The other members are former media executive Mike Soutar, who appeared on The Apprentice, Bob Brannan, the chairman of Walkers Shortbread, Mary McGowne, the founder and managing director of The Vine, Willie Haughey, the chairman of City Facilities Management Holdings, and Karen Whitefield, of the trade union Usdaw.

Paul McManus, a board member and the principal stakeholder at Cloburn Quarry Company, who also serves as the drummer in Gun, the Scottish rock group, will also join the board. He contributed £130,000 to the party last year.

Sarwar stated that Labour openly supports businesses and economic expansion and is committed to creating an economic growth strategy.

He intends to collaborate with the industry to assess this plan during their time in opposition, and once in government, work alongside the UK government to implement it right from the start.

According to Labour strategists, Liz Truss’s budget damaged the Tories' reputation, and trust was eroded in the SNP under Nicola Sturgeon’s leadership.

Sarwar holds the belief that boosting the gross domestic product (GDP) plays a crucial role in generating the necessary funds to support social policies, thereby reducing the necessity for tax hikes.

The board of advisers has been given the task of providing impartial advice to Sarwar and Daniel Johnson, the economy spokesman, which will inform Labour’s economic policies.

It will involve tailoring plans to different parts of the country rather than utilizing a blanket approach that covers urban and rural areas.

“Nearly a quarter of a century on since devolution, our Scottish parliament has overseen sweeping social change, but we have been very much a social policy parliament rather than an economic policy parliament,” Sarwar was quoted as saying by the newspaper.

“And that has let down Scottish employers, weakening our growth potential. With the vast powers that Holyrood has and during a cost of living crisis — and let’s not forget, a cost of doing business crisis — we must debate how to deliver economic growth. That’s what Scottish businesses deserve.”

Ministers have relaunched the Ecosystem Fund to help inspire more entrepreneurs to start or scale up their businesses. Grants of up to £50,000 will be available under the scheme.

Douglas Ross, the Scottish Tory leader, has also unveiled proposals to encourage people to work longer hours and encourage those with long-term illnesses back into employment.

More For You

Sainsburys-Getty

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector. (Photo: Getty Images)

Sainsbury's warns of profit dip amid supermarket price war

SAINSBURY’s has forecast that profits from its retail operations may remain flat or decline over the coming year as it continues to reduce grocery prices.

The company expects to generate £1bn in profit, with an underlying dip of around £36m, as competition intensifies across the supermarket sector.

Keep ReadingShow less
Streeting pledges ‘future stability’
for pharmacy with £3.1bn funding
Wes Streeting delivered a video message
Wes Streeting delivered a video message

Streeting pledges ‘future stability’ for pharmacy with £3.1bn funding

HEALTH SECRETARY Wes Streeting said the new £3.1 billion funding package for community pharmacy was a “vital step forward” for the profession as it emerges from a decade of underinvestment and financial strain.

His remarks came at the annual Pharmacy Business Conference last week, attended by more than 240 delegates, including industry leaders who shared valuable insights on funding, independent prescribing, and the role of AI in community pharmacy.

Keep ReadingShow less
Gold

Gold had surged 3.6 per cent on Wednesday after US president Donald Trump ordered an investigation into possible tariffs on all critical mineral imports.

Getty Images/iStockphoto

Gold eases after record high as investors book profits

GOLD prices dropped over 1 per cent on Thursday as investors locked in gains following a sharp rise in the previous session.

The fall came ahead of a long weekend, although gold stayed above $3,300 (£2,481) an ounce, supported by a weaker dollar and ongoing US-China trade tensions.

Keep ReadingShow less
India’s diamond exports hit 20-year low amid weak US and China demand

India handles nine out of every 10 diamonds processed globally

India’s diamond exports hit 20-year low amid weak US and China demand

INDIA’S exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024-2025 fiscal year, which ended in March, on sluggish demand from the United States and China, a leading trade body said on Monday (14).

India is the largest cutting and polishing hub, handling nine out of every 10 diamonds processed globally. But it is sensitive to economic uncertainty – particularly in the US, its biggest market.

Keep ReadingShow less
UK financial watchdog opens first offices in US and Asia

The international expansion forms part of the FCA's new strategy (Photo: Reuters)

UK financial watchdog opens first offices in US and Asia

BRITAIN's Financial Conduct Authority (FCA) has established its first-ever international presence with new offices in the US and Asia-Pacific region, the watchdog announced on Tuesday (15).

Former investment banker Tash Miah began working at the British Embassy in Washington DC in April. In her role, Miah will collaborate with the Department for Business and Trade to improve UK-US financial services policy and help American firms navigate British regulations.

Keep ReadingShow less