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Tycoon McColl says Scotland needs tax advantage

SCOTTISH engineering entrepreneur Jim McColl has predicted many people could vote for independence just to get more powers for the country, if the alternative was the status quo.

Mr McColl, one of Scotland's richest men, has built Clyde Blowers into a global business empire. He made plain his "apolitical" preference for greater fiscal autonomy as opposed to independence but said the Scotland Bill offered nothing significant in the way of useful new powers.