Scottish Government Debate: Scotland’s Economy, Responding to the EU Referendum

Keith Brown S5M-01531 That the Parliament welcomes the overwhelming vote of the people of Scotland to remain in the EU; notes that leaving the EU is widely expected to have a negative impact on economic growth, public sector revenues, access to labour, inward investment and opportunities to export, as well as threaten essential economic and social protections; recognises the continued resilience of Scottish business and the urgent need to support and stimulate the economy in the wake of the EU referendum; notes the initial steps taken by the Scottish Government, and calls on the UK Government to bring forward a substantial stimulus package to boost business confidence, keep the Scottish economy moving, end austerity and endorse the vital importance of growing an inclusive, productive and sustainable economy with more jobs and fair work. Murdo Fraser S5M-01531.1 As an amendment to motion S5M-01531 in the name of Keith Brown (Scotland’s Economy, Responding to the EU Referendum), leave out from "welcomes" to end and insert "notes the vote of the UK to leave the EU; recognises that, even prior to this vote, across a range of indicators the Scottish economy had been underperforming that of the UK as a whole; urges the Scottish Government to take action to assist economic growth, including by reducing the burden of business rates and ruling out a second independence referendum, in line with the views of the business community, and calls on the Scottish Government to set out how it will assist businesses to take advantage of the opportunities afforded by the UK leaving the EU." Richard Leonard S5M-01531.3 As an amendment to motion S5M-01531 in the name of Keith Brown (Scotland’s Economy, Responding to the EU Referendum), leave out from "the continued resilience“ to "Scottish Government" and insert "that a third of the Scottish economy is now overseas-owned leaving the Scottish economy more at risk from the consequences of leaving the EU than any other part of the UK; recognises the continued resilience of Scottish business and the urgent need to support and stimulate the economy in the wake of the EU referendum; notes the initial steps taken by the Scottish Government, and believes that it should take further action to support Scotland’s economy”.