Scotland hit by £15bn shockwave as oil crisis and Brexit take toll
The Scottish Government is £15billion in the red – according to a damning new review of the nation’s finances.
Brexit
We want to be around for 40 years, not two years, oil leaders tell Mundell
Aberdeen oil and gas leaders yesterday warned the UK Government not to take its “eye off the ball” during Brexit negotiations.
ReNew News: Brexit uncertainty could boost renewables sector
The renewables sector is continuing to garner a bigger share of the British energy market.
Opinion: What will Brexit really mean for businesses tax-wise?
At this stage, we cannot predict with any certainty the full tax impact arising from the UK’s exit from the EU.
Oil industry to be consulted ahead of Brexit talks, says David Mundell
A UK cabinet secretary is pledging to put “Scottish voices and interests” at the centre of Brexit negotiations.
Small businesses must seize Brexit opportunities, urges PM
Brexit’s opportunities as well challenges must be addressed to encourage the UK’s “entrepreneurial spirit”, according to Theresa May.
Exports down 0.5% before Brexit while retails sales flat-lined
The volume of international exports from Scotland has fallen and the value of retail sales has flat-lined, new economic data shows.
Opinion: Brexit Schmexit – will life be all that much different?
If you’ll pardon the use of French, is there beginning to be a slight feeling of “plus ca change, c’est plus la meme chose” in the air? Having cleared away the sound, fury and political change resulting from Brexit, the world seems to be going on pretty much as before.
Opinion: Brexit – The turkeys really did vote for Christmas
Question: How – as the May government now claims – are we going to expand trade across the rest of the planet when we make so little?
Opinion: Sir Ian Wood is right – leave the indy ref debate alone
Sir Ian Wood’s comments at the weekend are a welcome injection of common sense into the debate around Scottish independence, following the UK’s decision to leave the European Union last month.
North Sea field shutdowns to climb as Brexit deepens oil gloom
The pace of North Sea oil-field shutdowns is picking up as the impact of the market slump is compounded by the uncertain investment environment created by Brexit.
MEP says Aberdeen’s status as energy capital in no doubt after Brexit
Aberdeen status as Europe's energy capital is not in doubt following Brexit, according to Conservative MEP Ian Duncan.
Oil price dip fails to prevent post-Brexit vote rises at pumps
Motorists are paying more for fuel at the pumps following the EU referendum result despite the price of oil falling, new figures show.
Energy Minister Leadsom quits Tory leadership bid
Energy Minister Andrea Leadsom will pull out of the Tory leadership race, according to reports.
Brexit: Dark days for the UK energy industry?
On 23 June 2016 the UK electorate voted to leave the EU. Much water will pass under the bridge before Brexit occurs; and some commentators wonder whether the result of the non-binding referendum will, in fact, be translated into constitutional reality. This means that, to quote 90's rock band Oasis, "all we know is that we don't know": we don't know when the UK will leave the EU, and more to the point, what the terms of the UK's new relationship with the EU will be.
Ineos boss says Brexit will not impact London HQ move
Brexit will not affect plans for Ineos to set up UK headquarters once again, according to one of the company's bosses.
Global markets plunge as Brexit affect bites back
Global stock markets sunk into the red as last week’s post-Brexit relief rally unravelled while the pound also sunk to fresh 31-year lows against the dollar.
Allies of Energy Minister defend ‘stellar’ city career
Allies of Andrea Leadsom have defended her following reports that her “stellar” career in the City had been exaggerated.
Opinion: Brexit and renewables – what lies ahead?
The Brexit result was just a short time ago and already much has been written about its potential impact on the UK’s renewables industry. Common themes that have emerged are loss of investor confidence, concerns over energy security and delays in much needed investment into the UK’s energy infrastructure. At best, the commentary can be described as well informed speculation. The truth is that nobody can predict the impact with any degree of certainty.
Services sector slips back amid Brexit vote jitters
Britain’s powerhouse services sector slipped back last month as Brexit uncertainty intensified in the weeks leading up to Britain’s referendum on the European Union.
Stability warning as Bank of England announces £150bn lending boost
The Bank of England has announced moves to help boost lending by up to £150 billion as it warned over a “challenging” outlook for financial stability after the Brexit vote.
Scottish businesses ask for more support after confidence hit caused by Brexit
The Federation of Small Businesses (FSB) has called for more government support as research found a decline in business confidence in the months before the EU referendum vote.
Think Tank report warns of ‘economic risk’ of independence
Scottish independence has “some logic” from a democratic standpoint but the economic risks could transform the nation into “Greece without the sun”, according to a right-wing think tank.
Energy Minister odds-on favourite to become May’s rival in Tory leadership race
Energy Minister Andrea Leadsom is odds-on to become Home Secretary Theresa May’s rival in the Conservative leadership race, as MPs continue to declare their support.
Unions step up support for Hinkley Point nuclear station
Unions have stepped up their support for the delayed Hinkley Point nuclear power station, saying that confirming the financial go-ahead will be the first big “litmus test” for infrastructure projects following the EU referendum result.