• Kenneth Gibson MSP

SNP Government Calls on UK Treasury to Boost Spending



The SNP Government has called on the Treasury to boost capital spending to boost jobs and growth in the wake of the Brexit vote.

Economy Secretary Keith Brown has urged the UK Government to increase infrastructure spend “at this critical juncture for our economy” and do more to support exports to capitalise on the depreciation of Sterling post EU Referendum.

Mr Brown urged the UK Government to emulate the £100 million capital spending pledge announced by First Minister Nicola Sturgeon last month, claiming extra infrastructure spend across the UK could provide an extra £400 million of investment in Scotland and support around 3,000 jobs.

Mr Brown said:

“The SNP Government has acted swiftly to support the economy following the UK-wide vote to leave the EU by bringing forward an additional £100 million of capital investment, setting out plans for a £500 million Scottish growth scheme to support businesses and working hard to secure Scotland's continued place in the EU.

“We haven't seen the same action forthcoming at a UK level, where clarity on Brexit remains completely absent.”

ENDS