Why are Barclays increasing their Scottish presence? Douglas ‘Jolly’ Fraser misses the obvious possibility

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John Robertson
Why are Barclays increasing their Scottish presence? Douglas ‘Jolly’ Fraser misses the obvious possibility

We heard today, across the Scottish media, that Barclays plan to create (up to) 2 500 jobs in Glasgow. This will (may) double Barclay’s Scottish force and is, for the First minister, ‘transformational for Glasgow.’ Most commentators have mentioned lower labour costs, the skill pool and, of course, the £13 million sweetener from Scottish Enterprise/Scottish government. Douglas mentioned these but was more interested in making sure we didn’t get carried away with good news. He reminded us that it is…

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John Robertson
Why are Barclays increasing their Scottish presence? Douglas ‘Jolly’ Fraser misses the obvious possibility