London boom benefits Scots

THE London construction boom, with cranes dotting the skyline from the City to the West End, are delivering a £9 million boost to the Scottish economy each year, a report out today says.

The report, produced by accountancy firm Price­WaterhouseCoopers and commissioned by business group London First, says that for every £100m invested in the English capital, £54m goes outside London, in the likes of construction supplies, specialist engineering and skilled labour.

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The report says the developments create or safeguard more than 200 jobs annually in Scotland, and for every direct job on a London development site, 2.7 jobs are created in regional supply chains and support services.