Commenting on the warning from the Office of Budget Responsibility that a \u2018no deal\u2019 UK EU Exit could lead to a UK recession, Finance Secretary Derek Mackay said:<\/p>\n
\u201cThe Office of Budget Responsibility confirms what the Scottish Government have been warning for months that a no deal Brexit has the potential to push the economy into recession, damaging business investment and household incomes. It must be ruled out immediately.<\/p>\n
\u201cThe Scottish Government has been clear and consistent that the best option for the future wellbeing and prosperity of Scotland is to stay in the European Union. Otherwise we will see damage to our economy and the future prospects of the people of Scotland suffering.<\/p>\n
\u201cAs a responsible government we are continuing to plan and prepare for all EU Exit possibilities, but we know that we will not be able to mitigate all of the impacts.<\/p>\n
\u201cThe Scottish Government has a range of policies in place to support business and inclusive economic growth and the Scottish economy is strong.\u00a0 We will continue to work with business to do what we can to mitigate yet further uncertainty over the UK\u2019s EU exit.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Commenting on the warning from the Office of Budget Responsibility that a \u2018no deal\u2019 UK EU Exit could lead to a UK recession, Finance Secretary Derek Mackay said: \u201cThe Office of Budget Responsibility confirms what the Scottish Government have been warning for months that a no deal Brexit has the potential to push the economy…<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[364,104,3],"tags":[],"class_list":["post-4114","post","type-post","status-publish","format-standard","hentry","category-brexit","category-business","category-economy"],"yoast_head":"\n