Long-term economic planning is required

The devastating impact of coronavirus is not only being felt in hospitals and homes. It is having a secondary impact on high streets, on the hospitality sector and across the economy in general.

Questioned at Holyrood, First Minister Nicola Sturgeon admitted the economic impact of Covid-19 was colossal.

Liberal Democrat leader Willie Rennie suggested the government’s response to the economic tidal wave crashing upon Scotland’s shores was too slow and called for a plan to ameliorate its effects to be brought forward without delay.

That is not a simple request, but it is one the Tayside and Fife business community will be looking to be actioned as the feared economic distress becomes a stark reality.

The potential job losses at Crieff Hydro in Perthshire stand out for their number and the fact they are happening at one of Scotland’s most respected family hotel groups.

But they are simply a symptom of a much greater disease, with many local companies – from shops to contact centres – now reporting tough trading conditions, cost-cutting measures and lay-offs and some, sadly, closing their doors.

The economic damage is already deep and broad-based and will become more so in the weeks ahead.

The local business community has weathered storms before, but it is in the eye of a hurricane right now.

Short-term aid won’t cut the mustard. Business requires certainty and will need Holyrood and Westminster to think long-term if it is to overcome the challenge it faces.