Devolution – Cabinet seat hope for Scots CA

Scotland’s accountancy profession looks set to have two leading representatives sitting in the new Scottish government, thanks to the Liberal Democrat party, write our parliamentary staff.

As ‘Accountancy Age’ went to press, party leader Jim Wallace was negotiating with prospective Labour first minister Donald Dewar to form a coalition government in Edinburgh and was expected to secure cabinet posts for two Liberal Democrats.

Wallace, the son of an accountant and for many years the parliamentary adviser to the Scots ICA, is certain to fill one of the cabinet posts; and new Scottish MP Ross Finnie, a member of the Scots ICA since 1970, is likely to fill the other.

Finnie, who is married and has two children, runs his own accountancy and corporate finance firm, Ross Finnie & Co, in Greenock, Renfrewshire.

He was elected on the regional list for Scotland West after coming second to Labour in the first-past-the-post elections for Greenock and Inverclyde.

During the election, he was his party’s spokesperson on economics and finance and he is expected to be given similar responsibilities in the new Scottish government.

Wallace, who has been a Westminster MP since 1983, won the Orkney seat in the Scottish election on the first-past-the-post poll.

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