Nick Clegg Speech at Scottish Chamber of Commerce

The transcript discusses the UK's economic recovery following a financial crisis, highlighting the role of shared strengths across the UK. It covers investments in key sectors like energy and asset management, and support for businesses through tax cuts and financial access. The text also addresses Scotland's political decisions, such as the euro elections and independence vote, emphasizing the importance of unity in facing global challenges. It concludes with a focus on Scotland's export economy and the interconnectedness of global markets.

What were the key foundations for rebuilding the UK economy after the financial shock?

• Increased taxation and reduced spending

• Focus on agricultural development

• Strong currency union and shared regulatory systems

• Isolation from global markets

Which industry is highlighted as leading in the UK's asset management sector?

• English firms

• Northern Irish firms

• Scottish firms

• Welsh firms

What measure was introduced to help smaller employers with employment costs?

• A £2000 National Insurance tax cut

• A new employment tax

• Increased VAT

• A reduction in corporate tax

What is one of the major decisions facing Scotland in the coming months?

• Joining the European Union

• Voting on Scottish independence

• Increasing trade tariffs

• Adopting a new currency

How much do Scottish businesses export to the European Union annually?

• £20 billion

• £14 billion

• £11.6 billion

• £5 billion