UK Politics

Liberal Democratic Party: 16% fall in Scottish business start-ups says Carmichael

Press Release   •   Dec 16, 2009 10:43 GMT

New figures published today by the Committee of Scottish Clearing Bankers show a fall of 1/6 in the number of new business start-ups between Q3 2008 and Q3 2009.

The third quarter of 2008 saw 4,598 start-ups, but the same period in 2009 saw just 3,861 – a fall of 737, or around 16%.

Commenting, Liberal Democrat Shadow Scotland Secretary, Alistair Carmichael said: 

“These figures show just how hard the recession is hitting Scotland’s small business sector.

“Labour has effectively nationalised two of Scotland’s largest banks, but they have done little or nothing to get them lending again. This has left businesses struggling without the credit they need.

“Gordon Brown and Alistair Darling should be standing up to the bankers who did so much to cause the current recession. But instead they are letting them get away with massive bonuses while they leave Scotland’s small business sector high and dry.”