SCC COMMENT ON EXTENSION OF ARTICLE 50

Commenting on the extension of Article 50, Dr Liz Cameron OBE, Director & Chief Executive, Scottish Chambers of Commerce, said:

“We can at least say that avoiding a disorderly, cliff-edge Brexit with just 48 hours to go is a relief to businesses across Scotland. Politicians must now focus on delivering an answer to this Brexit conundrum, and sooner than October. It would be a disgrace for any of those who claim to represent our citizens if, come 31st October, the same late-night drama plays out again.

“We have already seen the damage this process has done to the Scottish economy in constrained investment, faltering confidence, not to mention the cost burden of having to make preparations. We will report further on the impact of Brexit next week when we release our quarterly economic survey.

“Politicians need to understand that many companies have placed key decisions on the substitute bench rather than on the field and any drag on investment, expansion or job creation will ultimately impact on the bottom line of individual businesses and Scotland plc.”