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How our pension funds can be key investor in Scotland before independence


WE began last week with a discussion about some of the priorities Scotland will need to consider as an independent country to achieve self-sufficiency in key economic sectors, such as food and energy, and how self-sufficiency is critical to achieving monetary sovereignty and maintaining the value of our currency. By allocating capital to investment in strategically important economic sectors we will secure the future viability and trust in our currency.
We concluded the article with reference to the ongoing crisis at the McVitie’s factory in Tollcross, Glasgow, which faces closure with the loss of nearly 500 jobs as a result of decisions being made by the Turkish company which owns it. ....

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Foreign ownership of firms like McVitie's is a threat to our food security


THE plight of the McVitie’s biscuit factory in Glasgow and of the workforce there who now face mass redundancies is a good illustration of the economic insecurity which comes with allowing overseas companies to own production capacity in Scotland.
In a recent series of articles in The National, the Scottish Banking & Finance Group (SBFG) have been making the case for reform of Scotland’s financial system so that it provides capital to support the production of the goods and services people need. The McVitie’s story is an example of what happens when capital is not available for domestic companies to develop their business. ....

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