Daily Traders Edge

Scotland unveils stimulus plan to combat Brexit fears

August 10
15:50 2016

Scotland's First Minister and Leader of the Scottish National Party (SNP), Nicola Sturgeon, who had campaigned for Britain to stay in the European UnionScottish First Minister Nicola Sturgeon announced plans Wednesday for increased infrastructure spending to boost the economy after the Brexit vote, and called on the British government to do the same. In a move welcomed by business and trade union groups, the devolved Scottish administration said it would invest an extra £100 million ($130 million, 117 million euros) on health and other infrastructure projects in Scotland this year. "There is no doubt that the referendum outcome has created deep and widespread uncertainty, with the impact on jobs and investment already being felt," the Scottish National Party (SNP) leader said in a statement.

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