Scottish government calls for Flyglobespan probe
After receiving significant criticism in the financial press for effectively ignoring the issue of Flyglobespan, and the company's collapse this week, the Scottish government has announced an investigation into the fall of business. While there is no evidence of mismanagement or potential legal issues, the authorities are keen to learn from the collapse of what was Scotland's largest airline business.
This comes at a time when the Scottish economy itself is struggling and already lagging behind the UK economy as a whole. Unemployment has risen significantly over the last few months, businesses are struggling and the property sector has been depressed for some time. There has also been a constant battle between the Scottish government and the UK authorities with regard to funding and budget issues, which appears to be doing nobody any favours.
Many people have also highlighted the fact that the Scottish government's ongoing battle for independence appears to be losing support from the public and high-profile collapses such as that seen at Flyglobespan do not help the cause. There is a growing belief that Scotland needs to be part of the Union with concerns that a stand-alone Scotland would not be able to bail out its own economy in the event of any future problems such as those seen over the last few months.
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