Brexit

The Scottish economy has suffered a £3 billion hit as a result of Brexit as uncertainty has led to a decrease in investment and growth, the Fraser of Allander Institute has found.

Apropos by DJ Alexander has said that Boris Johnson’s EU deal is unlikely to stabilise UK house prices. The firm believes that even if the agreed deal is passed in Parliament, the housing market will still face uncertainty as the wider ramifications of the deal for the UK leaving the EU remain

Housebuilder Barratt Developments has moved to reassure investors it has the “resilience and flexibility” required to deal with the potential effects of Brexit.  Issuing a trading update for the 15-week period from 1 July to 13 October yesterday, the FTSE 100 developer said it compl

Three-quarters of Edinburgh businesses fear the negative impact of a no-deal Brexit, a new survey carried out by the Edinburgh Chamber of Commerce has revealed.

A Glasgow nightclub is to accept Euros at its Brexit-themed Halloween party.

PwC's latest consumer sentiment survey has found that Scots are becoming less worried about the impact of Brexit on their spending, but more believe they will be worse off in 2020 with retail and socialising expected to take the brunt of the cutbacks as operators ramp up their festive plans.

The Financial Conduct Authority (FCA) has updated and published draft directions under its Temporary Transitional Power (TTP). The TTP gives the FCA flexibility in applying post-Brexit requirements, allowing firms to transition to a new UK regulatory framework.

The Association of British Insurers (ABI) has today reminded consumers and businesses of the insurance implications if the UK leaves the EU without a deal. The advice comes as a no-deal Brexit still appears a possibility and with the current exit date of 31st October looming.

Scotland faces the prospect of a recession in the coming year if a No Deal Brexit occurs with £2 billion of investment aligned to be eradicated if uncertainty continues, warns Scotland's chief economist.

Big Four firm KPMG has warned Scottish businesses to prepare for a recession in the event of a no-deal Brexit. According to KPMG's latest quarterly Economic Outlook, a disorderly exit from the European Union on 31 October could prompt a four-quarter recession with GDP contracting by 1.5% next year.

Brexit uncertainty has been blamed for a sharp decline in the number of new start-ups in Scotland last year, as well as a decline in the growth ambitions of established firms.

New figures revealing that more than half of all Scottish goods exports were sent to Europe in the last quarter have raised concerns about the potential impact of Brexit. According to the latest HMRC regional trade statistics, the value of Scotland’s total annual goods exports increased by 14.

Sixty per cent of chartered accountants (CAs) would prefer that the UK remain in the single market after Brexit, a new poll has found. Only six per cent of CA members of the Institute of Chartered Accountants of Scotland (ICAS), however, believe that this outcome is likely.

Research from KPMG UK has revealed that house prices in Scotland risk a six per cent drop if Britain leaves the EU without a deal at the end of next month. KPMG warned that a decrease of 10-20 per cent is "not out of the question" if the market reacts more strongly than expected.

As half-year export figures show growth, the Scotch Whisky Association (SWA) has called on the UK Government to ensure certainty in future trading conditions.