THE final Brexit is now inevitable, with little cause to cheer as stumbling blocks continue to lie on the narrow road to a trade agreement that is still conceivably successful.
The seven days of the agreement dragged on from one Sunday to the next, with restricted views as the United Kingdom and the European Union were still bickering over familiar bones such as governance, fisheries and the level playing field.
For most, the hope would be that Michael Gove, Chancellor of the Duchy of Lancaster, who flippantly told how he made a decision to stay away from percentages but would make an exception to deliver a “less than 50 percent” chance of a contract, was just posturing.
On these coasts, humiliating and unhelpful boasting is not unknown.
“This week, Ian McConnell, the economics editor, said in his “Called to Account” column, “Brexiter propaganda is, unfortunately, something we’ve had to get used to since the 2016 Leave referendum.
“However, it has become harder to deal with this nonsense as it has grown in volume and intensity while becoming ever more distant from economic reality.”
He cites Danny Blanchflower, a former member of the Monetary Policy Committee of the Bank of England who recently entered the University of Glasgow, who points out the harm Brexit will do to goods and services worth £ 294 billion – 43 percent of all U.K. exports – in view of last year’s U.K. exports to the EU.
Every area of the economy has been affected by the effects of the coronavirus, though some more than others. It is now becoming apparent just how deeply it has burrowed into the fabric of Scottish hospitality – popular around the world and as much a highlight for tourists as the scenery.
It conveys a certain sense of local scale as James Thomson tries to secure the future of Prestonfield House Hotel and The Witchery on the Royal Mile by taking out a £ 2.5 million loan from his bank.
It was also welcome when, at the end of March, Rishi Sunak, Chancellor of the Exchequer, further extended the loan schemes and the 80% pay release for employees for hours not worked until April.
The Bounce Back Loan Scheme, the Coronavirus Business Interruption Loan Scheme and the Large Business Interruption Loan Scheme for Coronavirus, which were expected to expire in January, helped keep the economy afloat.
According to the figures, £ 46.4 billion has been taken down since April for 9.9 million workers in 1.2 million businesses, and £ 43.5 billion in bounce back loans, £ 19.6 billion under CBILS and £ 5 billion under CLBILS.
“Similarly, the Scottish government must pull out all the stops to compensate businesses if they are forced to stop trading or the supply chain is critically affected.”Similarly, if they are forced to stop trading or the supply chain is critically affected, the Scottish government must take out all the stops to compensate businesses.
Energy giant Drax said its hydroelectric projects “are absolutely central to the company’s carbon-negative ambitions,” wrote Mark Williamson, business correspondent, including the magnificent Cruachan pumped storage power plant in the hills of Argyll and two hydroelectric schemes in southwest Scotland.
In Scotland’s first non-alcoholic dark beer named Wheesht, launched by Harviestoun Brewery in Alva, a glass was also lifted. Cin cin, I think.