Results 1–20 of 200 for brexit speaker:Derek Mackay

Scottish Parliament: Renfrewshire South Economy (Support) (31 Oct 2019)

Derek Mackay: Yes—I agree with that concern. We are not alone in being concerned about the impact that Brexit will have on economies across Scotland—not least in Renfrewshire. Very positive work has been done with the council around the economic plan for the area, where the Government is, as a partner, making the right interventions and investments to help to grow the economy sustainably. Of course, on...

Scottish Parliament: Transport (Scotland) Bill: Stage 3 (9 Oct 2019)

Derek Mackay: ...answer this question—that all those business representative organisations and others are really concerned about something right now that will affect jobs, employment and the economy, and that is Brexit? Why are we to be deaf to the impact of Brexit, which will impact on our constituents far more than any Conservative scaremongering over an environmental measure?

Scottish Parliament: Scottish National Investment Bank Bill: Stage 1 (26 Sep 2019)

Derek Mackay: ...the vision for the bank. I will engage further on the question of parliamentary consultation. I look forward to the cross-party work in which I have committed to participating. Willie Rennie raised Brexit. We have tried to focus on what we can do here, but Brexit is—of course—the main threat to the economy in Scotland right now. Willie Rennie spoke about the transformational nature of...

Scottish Parliament: Productivity (25 Sep 2019)

Derek Mackay: ...that were mentioned were subsequent to a UK and, indeed, global financial crash. That gives some of the explanation as to why we are going through a particular economic cycle. The current threat of Brexit is, of course, threatening our current economic indicators which, over the most recent piece, have been outperforming those of the rest of the UK in record low unemployment, soaring...

Scottish Parliament: Productivity (25 Sep 2019)

Derek Mackay: It is perfectly open to the Opposition to try to pick on our record, but it is disappointing that, with the greatest threat to Scotland’s economy right now being a no-deal Brexit that could bring about a recession in the UK and Scotland to catastrophic effect, Neil Findlay chooses to attack the Scottish National Party. That tells us about the priorities of the Labour Party in Scotland right now.

Scottish Parliament: Income Tax (Higher-rate Threshold) (26 Jun 2019)

Derek Mackay: ..., we look at how we can grow our economy. The SFC’s report and the Fraser of Allander institute’s commentary say that the greatest challenge and threat to Scotland’s economy at the moment is Brexit. If we are to grow our economy, Brexit needs to be averted. That would lift the overall economic forecast for Scotland. We will take a range of other spending decisions, not least on...

Scottish Parliament: Income Tax (25 Jun 2019)

Derek Mackay: ...on Scotland’s income tax rates because of the arrangements in the fiscal framework. However, our economy is growing strongly. If we want to support that on-going economic growth, we need to avert Brexit, because it would have a damaging impact on the whole of the UK, not just Scotland. We want to have a sustainable growth agenda. I point out that the benefit of having a devolved income...

Scottish Parliament: Income Tax (25 Jun 2019)

Derek Mackay: ...indicators are strong. Income tax will be going up. We want to further stimulate growth, but the SFC and the Fraser of Allander institute say that our economic success story is threatened by Brexit, which can still be averted. Rachael Hamilton’s question was partly about the position of taxpayers. Scotland has a more progressive tax system. The structure is fairer, as are the decisions...

Scottish Parliament: Provisional Outturn 2018-19 (20 Jun 2019)

Derek Mackay: ...period of weakness. For Scotland, this is compounded by the continuing uncertainty around the UK's exit from the EU. Although leaving the EU without a deal is the worst possible outcome, even a Brexit with an exit deal will result in significant economic loss compared with remaining in the EU. The UK Government’s decision to take us out of the EU single market and the customs union—the...

Scottish Parliament: Provisional Outturn 2018-19 (20 Jun 2019)

Derek Mackay: ...’s actions. However, I sound an alarm and give a warning—I am sure that all members look forward to seeing the chief economist’s state of the economy report tomorrow—about the threat that Brexit poses to this country and our public finances. The resource figure is £135 million. In the same remarks, Murdo Fraser said that it was terrible that the finance secretary had an underspend...

Scottish Parliament: Provisional Outturn 2018-19 (20 Jun 2019)

Derek Mackay: ...Scotland’s economy could be seen, on some measures, as underperforming. First, the UK Government focuses all its economic attention on London and the south-east of England—or it used to, but Brexit will destroy the Conservatives’ economic credibility. The second reason relates to migration. Migration affects overall economic growth and is an issue, given Scotland’s working-age...

Scottish Parliament: Provisional Outturn 2018-19 (20 Jun 2019)

Derek Mackay: ...the bottom, rather than giving constant tax cuts to the rich, which is the trend in the right-wing Tory party, and is about to be compounded with the potential election of Boris Johnson as the new Brexit-crazy Prime Minister.

Scottish Parliament: Medium-term Financial Strategy (30 May 2019)

Derek Mackay: ...medium-term financial strategy. When I made the equivalent statement a year ago, I noted that Scotland’s public finances were set in the context of continuing United Kingdom Government austerity, Brexit uncertainty and an inhumane, hostile approach to immigration. I am disappointed to say that those issues still set the context for our public finances. This is a time of unprecedented...

Scottish Parliament: Medium-term Financial Strategy (30 May 2019)

Derek Mackay: ...the rest of the UK in that regard also. I am sure that, when Murdo Fraser has the time, he will look through the SFC report in great detail and see that the reason for subdued growth in Scotland is Brexit, which is of course the fault of the Conservatives in the UK Government, who are damaging Scotland’s economy with mismanagement and the decisions that they are in control of. On the...

Scottish Parliament: Medium-term Financial Strategy (30 May 2019)

Derek Mackay: ...the alternative budget that I got from the Labour Party—a total blank page. We will continue to invest in the public services of Scotland, to oppose austerity and to try to mitigate the impact of Brexit, should it happen—there is still an opportunity to avert Brexit. If we were able to avert Brexit and end austerity, there would be a massive windfall to the public resources of Scotland...

Scottish Parliament: Medium-term Financial Strategy (30 May 2019)

Derek Mackay: Even members who have clearly not read the SFC report will know that the independent forecasters are saying that the reason for subdued growth and a downgrade in performance is Brexit. Maybe the Labour Party could help us to avert Brexit. There is an idea.

Scottish Parliament: Economic Growth (Update) (8 May 2019)

Derek Mackay: That assessment is accurate. In particular, a no-deal Brexit threatens to create recession, business contraction, reduced exports and soaring unemployment from the current record-low level of 3.3 per cent. Any form of Brexit will damage Scotland’s economy, and a no-deal Brexit would be catastrophic.

Scottish Parliament: Brexit (Impact on Aberdeen and North-east) (28 Mar 2019)

Derek Mackay: Brexit is already impacting the Scottish economy, with the associated uncertainty impacting business and consumer confidence and leading to increased stockpiling and reduced investment intentions. We recently published a report showing that all areas in Scotland will be affected by Brexit, especially by a no-deal Brexit, with the north-east in particular being hit. The report showed...

Scottish Parliament: Brexit (Impact on Aberdeen and North-east) (28 Mar 2019)

Derek Mackay: ...and the breakdown of supply chains will lead to lay-offs and business failures. Although the Scottish Government is doing everything that it can to minimise the risk and mitigate the impact of Brexit, the damage to business and the unavoidable consequences of a no-deal Brexit are incredibly concerning, which is why we should avert Brexit at all costs.

Scottish Parliament: Brexit (Impact on Aberdeen and North-east) (28 Mar 2019)

Derek Mackay: ...south of the border got reductions in their budgets, whereas there was real-terms growth in local government budgets in Scotland. I did not ring fence or earmark funds to local government for Brexit purposes, and the Parliament and local government tell me not to do that kind of thing. The consequentials from Brexit moneys are part of the budget, as I explained when the budget was...


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