THE reduction in the drink-drive limit has been highlighted as a key factor in the stagnation of the Scottish economy during the latest three months.
This recent change in the law was cited by Bank of Scotland chief economist Donald MacRae as he presented the findings of the latest quarterly business monitor, which signalled the economy north of the Border failed to grow in the three months to February.
Mr MacRae said: "I have been speaking at lots of conferences and seminars and meetings. I am getting some information now that some of the fall in turnover...is down to the reduced alcohol level while driving."
He added: "There has been a reduction in the number of people going out for a meal. If they do go out for a meal, there is one (person) who doesn't drink at all. Before...they might have one, or whatever."
Of the 408 Scottish businesses which responded to the latest business monitor, 33 per cent reported a fall in turnover during the three months to February, and the same proportion experienced a rise, signalling stagnation. The remaining 34 per cent reported unchanged turnover.
FULL STORY: BUSINESS, PAGE 24
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