Money matters: finance ministers meet today

Devolved administrations to discuss Brexit impact

EU referendum

Finance ministers from the three devolved administrations in the UK are holding talks today to discuss the implications of the Brexit vote.

Scottish Government Finance Secretary Derek Mackay will travel to Cardiff to meet with his counterparts from Wales and Northern Ireland, Mark Drakeford and Máirtín Ó Muilleoir.

The ministers will discuss concerns around the impact of the vote on public finances and on future funding streams.

Speaking ahead of the meeting, Mr Mackay said: “I firmly believe that membership of the European Union is in the best interests of Scotland and I am deeply concerned about the impact the Brexit vote could have on Scotland.

“No-one can be clear on the likely impact of Brexit on UK Government finances, and we are already seeing the UK Government suggest changes to future spending plans. It is clear that there are significant issues and challenges ahead.

“In these uncertain times, it is important that the three devolved administrations work closely together and I am determined to continue to explore all options to secure Scotland’s interests and our place in Europe.”

Continue reading Money matters: finance ministers meet today

First Minister: Scotland has no place for hate and racism

Scotland is an open and welcoming country and that prejudice, hate and racism will not be tolerated, now or at any time.’

‘We chose to be an open, inclusive and outward-looking society where other EU citizens are welcome to live, work and contribute’ – 

First Minister Nicola Sturgeon

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The Scottish Government’s overriding priority is to protect Scotland’s relationship with, and place in, the EU, First Minister Nicola Sturgeon told Holyrood yesterday. Continue reading First Minister: Scotland has no place for hate and racism

EUr’e Welcome Here!

Local MSP’s message to EU nationals

Ben Macpherson Foot of the Walk.

Edinburgh Northern and Leith MSP Ben Macpherson has told EU nationals “you remain welcome here” after Scotland voted overwhelmingly to stay in the European Union last week. Continue reading EUr’e Welcome Here!

UK government moves to steady markets

‘ … we can turn today’s challenges into tomorrow’s opportunities. Together, we can make this work.’ – Business Secretary Sajid Javid

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The Westminster government is hoping speeches by Business Secretary Sajid Javid and Chancellor George Osborne will calm the international money markets as they open this morning. The pound has plunged since UK voted to leave the European Union, wiping £ trillions off the value of stocks and shares. Continue reading UK government moves to steady markets