Scotland's Economy

Scottish Government response to Scottish Chambers of Commerce Quarterly Economic Indicator: Q3 2019

October 11, 2019 by kristenmcnicoll No Comments | Category Business, Economy

Commenting on the latest Scottish Chambers of Commerce Quarterly Economic Indicator, Economy Secretary Derek Mackay said:

“It’s clear from this latest report that Brexit uncertainty, and in particular the threat of ‘no deal’, is having an increasingly negative impact on business confidence.

“As a responsible government, our enterprise and skills agencies continue to work with partners, including Business Gateway, to deliver the Prepare for Brexit campaign – an online portal where businesses can access a self-assessment tool, expert advice, and information on events, workshops and financial support.

“We also have a range of policies in place to support households and businesses, while our ‘no deal’ Brexit preparations published this week set out the actions we are taking to mitigate the ongoing uncertainty and worst impacts of a ‘no deal’ Brexit.

“It is important, though, to be clear that there is no amount of preparation that could ever make us entirely ready for the needless and significant impact of a ‘no deal’. In fact, there is no doubt that a ‘no deal’ outcome would have profound consequences for jobs, investment and living standards across Scotland. To even countenance ‘no deal’ is illogical and economically illiterate. The UK Government should do the responsible thing and rule it out now.”

Background

Businesses can access information and advice on how to get ready for Brexit on the Prepare for Brexit website.

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