You report that a large firm of accountants, KPMG, is renting an office in Glasgow to use as a “tax centre of excellence” employing 150 people (Business, 10 April).
If the accountants have got their sums right, as we might expect, their charges to clients will be sufficient to cover the rent and wage bill plus a profit. So, why is the Scottish community offering KPMG £1.7 million in the form of a regional selective assistance grant via Scottish Enterprise?
In the same week, you report that Caerlee Mills, a high-quality textile firm with a busy order book, has gone into administration. I wonder what Caerlee Mills might have been able to do with such a sum of money.