28 August 2014
Last updated at 06:11
David Cameron will say trade with the rest of the UK supports Scottish jobs
The UK is “an economy of opportunity” which supports one million Scottish jobs, David Cameron is to tell business leaders.
The prime minister will address the CBI conference later, calling the UK one of the “most successful single markets”.
The speech takes place in the final weeks of the referendum campaign.
Scottish First Minister Alex Salmond challenged Mr Cameron to name a single job-creating power certain to come after a “No” vote.
In his address to the employers’ organisation, Mr Cameron is expected to say: “This is one of the oldest and most successful single markets in the world.
“Scotland does twice as much trade with the rest of the UK than with the rest of the world put together – trade that helps to support one million Scottish jobs.”
He will add: “This success doesn’t happen by accident. It happens because of the skill of people in Scotland and the opportunities that come from being part of something bigger.
“A large domestic market, underpinned by a common currency, common taxes, common rules and regulations, with no borders, no transaction costs, no restrictions on the flow of goods, investment or people. Ours really is an economy of opportunity.”
Alex Salmond said independence would give Scotland a greater ability to create jobs
The Electoral Commission has warned the CBI that its conference will be scrutinised to see whether it breaks the rules on expenditure during the referendum campaign.
The elections watchdog has ruled that the dinner does constitute campaigning in that the prime minister is expected to launch a defence of the Union.
The Commission has been assured that the cost will be less than £10,000 and therefore the CBI does not require it to register as a formal campaigner under the spending rules, but it has warned it will monitor the event and seek further information.
Earlier this year, the CBI registered as a formal campaigner in the referendum, and then withdrew after the move prompted more than a dozen members to resign or suspend their membership of the organisation.
Meanwhile, Mr Salmond has set out six job-creating powers for Scotland that he said were guaranteed with a “Yes” vote in referendum:
- Control over the business tax system
- Control over finances
- Control over Air Passenger Duty
- Control over employment policy
- Control over trade policy
- Control over immigration policy
During their televised BBC debate on Monday, Mr Salmond had challenged Better Together head Alistair Darling to name three job-creating powers that were being offered to the Scottish Parliament by the pro-UK parties in the event of a “No” vote.
‘No magic wand’
Issuing a similar challenge to the prime minister, Mr Salmond said: “The PM must use his visit to Scotland to say what powers Westminster is guaranteeing, to allow the job-creating businesses of Scotland to boost employment and the economy.
“And if he fails to do so, the choice is clear – a Yes vote which guarantees the powers Scotland’s companies and entrepreneurs need to create jobs and opportunities for future generations of Scots, or a No vote which will deliver absolutely nothing.
“Independence isn’t a magic wand but with a diverse economy, huge natural resources and a highly-educated workforce we have firm foundations on which to build a more prosperous country and fairer society.”