PRIME MINISTER’S BREXIT SPEECH

Commenting on the Prime Minister’s Brexit speech, Bryan Buchan, our Chief Executive, said:

“The issues covered by the Prime Minister were very broadly expressed.  Two areas we really see as being crucial, are that legislation as it applies to business will now be our own preserve and won’t be controlled from Europe.

“In terms of trading with Europe, the fact that we are a vitally important market for both France and Germany should mean that we will not be subject to punitive tariffs.

“After the initial shock of the EU referendum result, engineering businesses in Scotland took up the challenge and are now widening our export trade, and expect to benefit from entering the growing market opportunities.

“Mrs May suggested that our industries were stagnating within the EU.  Let’s hope that we are sufficiently motivated to take advantage of the broader horizons opening up in the currently expanding markets of China, India, Malaysia and Brazil, while taking advantage of our special relationship with the USA.”