I see that Dublin is to be the European home of Twitter.
Enticed perhaps by the lowest corporation tax in Europe, the American internet technology company has decided to look no farther than Ireland.
This will be a smack in the teeth to Davie Cameron and his mate Boris, who were determined to secure the company for London. London you'll note; not Cardiff, nor Belfast, nor Edinburgh, but London.
The Irish Development Authority has been working flat out to make Dublin the Digital Media capital of Europe, having already succeeded in persuading Google (2200 employees), Facebook (300), LinkedIn (140), Zynga (100), Paypal (1,300) and eBay (1000)....5,000 jobs in all from just these 6! Edinburgh could do with 5,000 jobs of that kind.
The 12.5% corporation tax certainly seems to clinch deals for them.
Edinburgh needs the right to vary the corporation tax in Scotland. It's too late for these companies, but not, perhaps for the many others that will be looking for European bases. These other countries are at such an advantage being able to juggle their taxes to suit their economic needs. Would that we were.