Scotland’s Economy

Debate between Douglas McAllister and Martin McCluskey

Tuesday 15th October 2024 Westminster Hall

[Martin McCluskey]

I thank my hon. Friend for welcoming the launch of the industrial strategy yesterday. It is important that we ensure that any opportunities from the university sector are spread right across the country, and that is what my right hon. Friend the Chancellor of the Exchequer is trying to do with the national wealth fund. Our university sector in Scotland is also trying to make sure that the opportunities from universities and those start-ups are pushed out beyond universities’ borders. My hon. Friend’s point about access to finance is important. The Government are trying to provide a stable economic environment, which we did not have under the previous Government. That gives investors confidence, as we saw yesterday when we doubled the amount that was invested in the UK at the global conference last year. That is testament to the confidence that business now has in the UK because of our stable political environment.

[Douglas McAllister (West Dunbartonshire) (Lab)]

Does my hon. Friend agree that the recently released Scottish Government industry statistics reveal worrying trends in Scotland’s food and drink sector, with output in the food and drink sector falling, employment falling and businesses failing? Those figures are absolutely scandalous. Both the SNP and the Tory Government failed to support Scotland’s world-class food and drink industry adequately. In my constituency of West Dunbartonshire, the whisky industry is a significant employer, so will food and drink be a key growth industry identified in our Government’s blueprint for growth, thereby maximising Brand Scotland and job opportunities in West Dunbartonshire?

[Martin McCluskey]

The food and drink sector will play a crucial role in the future of the Scottish economy. I am referring not just to the whisky sector, which my hon. Friend has mentioned and which I know he plays a key role in championing through the Scotch whisky all-party parliamentary group, but to other sectors, such as our great salmon sector. There are a lot of other opportunities in food, drink and tourism whereby the Scottish economy can thrive in years to come.

One area of Scotland’s economy on which the Governments have worked closely together in recent months has been the response to the commercial decision of Petroineos to end oil refining at Grangemouth. The oil refining operation has played an important role in Grangemouth’s economy for more than 100 years. However, as a clear sign of how we can work together for the Scottish people, the UK and Scottish Governments have announced a joint £100 million package to help to secure Grangemouth’s industrial future and protect its skilled workforce. Scotland has a proud industrial past, as we have heard from many hon. Members this morning, and, as part of the transition to net zero, it will have a bright industrial future, and one that will guarantee jobs and wealth for families for generations to come.