The SNP group at Westminster has elected former investment banker Ian Blackford as their Commons leader.
Not a positive move, in my opinion. Here's his form:
"AN INDEPENDENT Scotland should abolish capital gains tax (CGT) on business investment to deliver economic growth, strong social provision and improve living standards, says a former SNP treasurer.
Writing in The Sunday Times, Ian Blackford argues that the SNP should go further than cutting corporation tax to attract investment and bolster the economy.
The UK government has increased CGT from 18% to 28% for higher rate taxpayers, while an entrepreneurs’ rate aimed at encouraging people to build up businesses stands at 10%.
Blackford argues that a zero rate in Scotland could act as a magnet for investment, sending out “a very important signal that Scotland is entrepreneurial and open for business”."