(10 months, 3 weeks ago)
Commons ChamberThe latest official figures speak for themselves and show sustained increases in both the import and export of goods between Scotland and the EU, with healthy results for services too.
The Brexit pain continues, with £140 billion wiped off the UK economy and more regulation making it tough for exporters. Relative to similarly sized countries, Scotland’s exports are under real pressure. Two themes in the First Minister’s industrial strategy were to become an independent nation and to rejoin the EU. All the evidence points to the fact that that is the correct course of action, does it not?
No, it does not. Scotland continues to punch above its weight in exports, goods and services and foreign direct investment. Trade is now well above pre-Brexit levels.
(1 year, 7 months ago)
Commons ChamberAbsolutely not. At the Budget, the Chancellor announced £20 billion of funding to store as much carbon and create as many jobs as possible through track 1 and beyond—unprecedented investment in the development of carbon capture, usage and storage. The Government have also announced around £2 billion in investment for CCUS, hydrogen and industrial decarbonisation technologies. We have already confirmed that the Acorn project in the north-east of Scotland seems to meet the track 2 criteria, and we look forward to working with the project to ensure that we get some good news as soon as possible.