UK-EU Agreement Scottish Economy 2021-01-27
2021-01-27
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question stems from concern over the effects of the UK-EU trade deal on Scotland's economic sectors.
What assessment his Department has made of the effect of the UK-EU trade and co-operation agreement on the Scottish economy?
We have agreed a deal with the EU that fully delivers for Scotland and the rest of the UK. Our deal provides Scottish businesses with exceptional access to the EU's market: it is the first time the EU has ever agreed a zero-tariffs, zero-quota deal.
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Assessment & feedback
The assessment of specific effects on Scotland's economy was not provided.
Response accuracy
Q2
Partial Answer
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Context
Concern about the dependency of Scotland's financial and business service jobs on UK-EU negotiations, noting that no progress was made before December 2021.
But almost one in six jobs in Scotland is based in the financial and business services sector, which is dependent on the UK Government negotiating a trade in services agreement with the EU, having failed to do so before the end of last year. What progress have the Secretary of State and his Cabinet colleagues made since leaving the transition arrangements in this area? What further steps is he taking to ensure that these jobs are secure for the future?
Alongside the agreement, we agreed a joint declaration on regulatory co-operation in the area of financial services. The parties will codify that in a memorandum of understanding by March.
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Assessment & feedback
The specific progress and steps taken to secure jobs were not detailed.
Response accuracy