Financial experts have predicted the Scottish government will have a tough time finding a buyer for Grangemouth oil refinery because owner Ineos is obscuring its true value.
Scottish Finance Secretary John Swinney confirmed yesterday his office had approached several multinationals to buy the suspended refinery and ruled out nationalisation.
But forensic accountant Richard Murphy, who investigated Ineos's accounts for oil workers' union Unite, said even Ineos's own accountants did not appear to be sure what the site was worth.
CAROL WILCOX argues for the proper implementation of the land value tax, which could see unused plots sold off and landlords priced out of landlordism, potentially resolving the housing and planning crises
As bus builder Alexander Dennis threatens Falkirk closure and Grangemouth faces ruthless shutdown by tax exile Jim Ratcliffe, RICHARD LEONARD MSP warns that global corporations must be resisted by a bold industrial strategy based on public ownership


