The Barrhead News published an article today that flags up a rise in unemployment in East Renfrewshire, in contrast to small decreases both in neighboring Renfrewshire and nationwide.
The news of this increase is worrying, and the following paragraph from the Renfrewshire Chamber of Commerce’s report caught my eye:
The average price of Brent crude oil per barrel has remained at low levels throughout 2015 so far and long term low oil prices represent a challenge not only for the oil and gas sector and the North East of Scotland, but for every business in Scotland that makes up the supply chain of firms in the industry.
It would be dangerous to underestimate how much of an impact the oil industry has on the rest of Scotland’s economy, which is why the Scottish Greens commissioned a major report on the jobs that could be created in a new economy
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