Another week goes by and we are still none the wiser on the UK’s Brexit position. EU officials have urged the UK to submit fresh proposals within the next 48 hours to try and break the Brexit impasse. EU officials said they would work non-stop over the weekend if “acceptable” ideas were received today to break the deadlock over the Irish backstop.
The UK has said “reasonable” proposals to satisfy MPs’ concerns about being tied to EU rules had already been made… So, who knows, by Monday we might be closer to getting an outcome… or, and much more likely, we could be even further away from understanding how the UK will leave the European Union.
On Tuesday this week, Scottish and Welsh politicians joined forces in a bid to encourage the Prime Minister to change her position on Brexit. An identical motion was debated simultaneously by the Scottish Parliament and the Senedd, the Welsh Assembly, culminating with co-ordinated votes. Sponsors said that it underlined opposition to Theresa May’s deal, demand a delay to Brexit and call for “no deal” to be ruled out. The UK government maintain that the PM’s deal was a good one for Scotland and Wales.
Away from Brexit and the person in charge of promoting the UK’s financial industry around the world has said there is great potential for Scottish firms to expand abroad. Peter Estlin, Lord Mayor of the City of London, said he wanted Scots firms looking to expand and to join him on foreign trips to places like China to promote and push their business.
And closer to home, Project Heather – Scotland’s new stock market company – was formally launched in Edinburgh. Perceptive attended and we maintain closeworking links with the venture’s research partners, former MPs Roger Mullin and Michelle Thomson. Bourse Scot, the company behind it, has revealed a partnership with European stock market operator Euronext. It is led by experienced broker and entrepreneur Tomás Carruthers and is in discussion with Scottish Enterprise to secure Regional Selective Assistance, with a view to creating around 60 jobs.
There was some bad news for Scottish Business this week as the best hope for bringing major contracts to Scotland for the building of multi-billion-pound offshore wind farms failed to win a vital order, according to unions. BiFab is believed to have lost out on an order for offshore platforms to yards in Belgium, Spain and the UAE. Unite and the GMB say the failure to place any of the order in Scotland is a “scandal”.
The first ever affordable housing development in the village of Killearn by Rural Stirling Housing Association was formally opened by Stirling MSP Bruce Crawford this week. Built by long standing Perceptive client Mactaggart & Mickel, the properties benefit from a modern, efficient and sustainable air source heat pump heating system. In addition, the exacavated rock has been reused to build a dry stone dyke around the site boundary.
Jamie McLean, head of contracts and timber systems at Mactaggart & Mickel said: “This is the first new development in Killearn delivering much-needed quality affordable housing and is our first partnership with Rural Stirling Housing Association.”
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