SCDI responds to the Scottish Parliament’s Culture, Tourism, Europe and External Affairs Committee consultation on Article 50 Preparedness
The Committee consulted on the forecast impact of Brexit on the Scottish economy and the preparedness of the business community for the various scenarios which may result.
SCDI’s formal submission to the Committee, after consultation with our members, made several key points:
- Lack of clarity over the terms of the final deal has led to prolonged and damaging uncertainty for employees and employers.
- ‘No deal’ would cause major disruption to the Scottish economy – the optimum outcome would be the UK remaining part of the single market and customs union.
- Uncertainty has led to the scaling-back/cancellation of investment/expansion plans.
- Concerns over the future legal status of migrant labour are leading to EU nationals departing Scotland – EU citizens’ rights should be guaranteed.
- Significant numbers of businesses are unprepared for Brexit due to lack of information, capacity etc. the transition period due to end on 31 December 2020 should be extended.