logo
EU agreement welcomed by Livingston MP and Salmon Scotland as Scottish Government is shut out

EU agreement welcomed by Livingston MP and Salmon Scotland as Scottish Government is shut out

Daily Record22-05-2025
The Scottish Fishermen's Federation has described the deal as a 'horror show'
Livingston's MP welcomed the announcement of the new agreement between the UK and the European Union.
Gregor Poynton MP pointed to 'broad support' from Scottish business for the deal which he says will bring significant benefits to industries north of the border.

However, he took a dig at Scotland's First Minister John Swinney, who was critical of EU fishing rights in Scottish waters saying the industry had been 'surrendered away'.

The chief executive of the Scottish Fishermen's Federation described the deal as a 'horror show' but Gregor Poynton has highlighted supported for it from Salmon Scotland, the UK's biggest food exporter.
In a direct exchange with Prime Minister Keir Starmer during a parliamentary statement on the UK-EU Summit, Gregor Poynton asked the PM: 'When it comes to evaluating the merits of the deal, who would the Prime Minister suggest my Livingston constituents listen to?
'Should it be the Scottish Chamber of Commerce, the NFU Scotland or Scottish Salmon, all who have welcomed the deal? Or should they listen to John Swinney, who's lining up the Leader of the Opposition and the Member for Clacton [Nigel Farage] at a desperate, misguided attempt to try and create a constitutional grievance, a deal for which the Deputy First Minister has called 'important progress'?'
In response, the Prime Minister said he was 'surprised' to see Scotland's First Minister's opposition to the deal.
The new agreement with the European Union follows extensive negotiations over the past six months.

It includes a significant agreement that should make it easier for Scottish food and drink businesses to export products to EU markets by reducing red tape and bureaucracy that had placed burdens on businesses since Brexit.
Scottish Salmon witnessed a £75 million drop in exports to the EU from 2019 to 2023 due to increased red tape. Scottish seed potato farmers, who have been banned from selling their products in Europe since 2021, will also regain access to crucial EU markets.

According to the Labour government the agreement is set to benefit key Scottish industries including energy, agrifood, and defence sectors, which form a proportionally larger part of Scotland's economy compared to the UK as a whole.
In the energy sector, it's claimed the deal will make it cheaper and easier to sell electricity to the EU, potentially accelerating investment in offshore wind in the North Sea, creating jobs and cutting costs.
Scotland's External Affairs Secretary Angus Robertson welcomed the closer co-operation between the UK and the EU and positive aspects of the agreement but labelled the decision not to involve the Scottish Government in any negotiations 'an affront to devolution'.

He said: 'The Scottish Government welcomes the agreement as it represents long-overdue momentum in rebuilding our relationship with the European Union. But no agreement can deliver the economic, social and security benefits we lost with Brexit in 2020.
'We argued for an ambitious package in the interests of people and businesses across Scotland, and there are some positive indicators here, including the agriculture, food and drink agreement which will reduce market barriers; and enhanced cooperation on energy and climate, and a clear intention to rejoin the Erasmus exchange programme.

'The fact that this agreement – not least on fisheries – was reached without the explicit engagement of the devolved governments on the negotiation detail is not just an affront to devolution, it has put at risk, and will continue to put at risk, the benefits of any commitments for the people of Scotland.'
He added: 'We still believe Scotland's best future lies as an independent country within the European Union but we will engage constructively and positively in the next phase of negotiations. We also hope to see the UK Government work collaboratively with devolved governments in developing its priorities – as the EU does with its Member States.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Galleries warn they will be ‘crippled' by new policy which allows people to visit for free
Galleries warn they will be ‘crippled' by new policy which allows people to visit for free

The Independent

time28 minutes ago

  • The Independent

Galleries warn they will be ‘crippled' by new policy which allows people to visit for free

Britain's leading heritage organisations have urged the government to close a 'loophole' in new consumer rights legislation, warning it could 'cripple them'. Heads of organisations including the National Trust, Tate, Historic Royal Palaces and Victoria & Albert Museum wrote to the government to highlight how the new rules could allow people to abuse their membership schemes. The Digital Markets, Competition and Consumers Act (DMCCA) will allow consumers a 'two-week cooling off period' after purchasing a charity membership scheme. This means they could obtain the membership, use its perks to enjoy paid-exhibitions or visits for free, before cancelling and getting a full refund days later. The letter, seen by The Times, asks the prime minister to ensure charities are treated differently to commercial businesses to protect this vital revenue stream. A National Trust spokesperson told The Independent: "Up to now membership has been treated as a charitable donation by law and this is part of a long-held recognition that UK charities are fundamentally different from commercial businesses. 'Charities are currently facing sustained financial pressures, due to the difficult economic climate. This legislation would add to that cost burden and see more charities having to reduce their vital services. 'Just last month the Government made a firm commitment through the Civil Society Covenant to support our sector: closing this loophole would be a clear demonstration of that commitment." The DMCCA was introduced by the previous Conservative government but has been put into place under this government. It is intended to protect consumers following growing concerns around 'subscription traps'. However, heritage organisations and galleries have become increasingly reliant membership schemes for vital funding in recent years. 'The proposed cooling-off period would create a loophole that could allow people to join charities as members and enjoy benefits, such as free entry to sites, for a two-week period before claiming substantial refunds for the rest of the year,' their letter to the government reportedly reads. 'This threatens to cripple the very future value of membership itself as a functional model of income generation for charities with visitor models — currently worth hundreds of millions [of pounds] to charities across the UK every year.' Under the rules, someone could hypothetically buy a National Trust family membership for £168.60 before visiting several sites within two weeks - which could cost upwards of £100 for the family. They could then cancel their membership, receiving a full membership refund, having not paid for their visits. A similar concern applies to galleries, who sometimes offer members free access to paid exhibitions. A government spokesperson said it was engaging with charities on the issue and added: 'The Digital Markets, Competition and Consumers Act does not change the definition of what constitutes a consumer contract. 'Our plans to protect consumers from rip-off subscriptions will not unfairly affect charities, and we continue to engage closely with them to understand their concerns.'

FTSE 100 at new peak despite fading rate cut hope
FTSE 100 at new peak despite fading rate cut hope

The Independent

time28 minutes ago

  • The Independent

FTSE 100 at new peak despite fading rate cut hope

London's FTSE 100 hit a new all-time high on Wednesday, shrugging off a hot UK inflation print and fresh falls among technology stocks on Wall Street. The FTSE 100 index closed up 98.92 points, 1.1%, at 9,288.14. It had earlier traded as high as 9,301.19. The FTSE 250 ended up 52.62 points, 0.2%, at 21,885.88, but the AIM All-Share finished 3.48 points lower, 0.5%, at 759.74. Figures from the Office for National Statistics showed UK consumer price inflation picked up to 3.8% in July from 3.6% in June, exceeding FXStreet-cited market consensus expectations of 3.7%. On a monthly basis, consumer prices rose 0.1%, defying the consensus forecast of a 0.1% decrease but slowing from a 0.3% rise in June. Core consumer price inflation, which excludes energy, food, alcohol and tobacco, picked up to 3.8% annually from 3.7% in June, and against consensus expectations of another 3.7% rate. Annual service price inflation, a gauge which has been in focus in recent months, picked up to 5.0% in July from 4.7% in June, ahead of 4.8% consensus. The ONS said that 'transport, particularly air fares, made the largest upward contribution' to the July annual inflation rate, partly due to the timing of school holidays. Barclays said the figures increase the risk that the Bank of England will hold interest rates steady for longer. Callum McLaren-Stewart, at Citi, thinks the hurdle for a September rate cut now looks 'borderline impossible' although he continues to see a cut in November as likely on the basis of fiscal contraction in the autumn budget. But Pantheon Macroeconomics thinks sticky inflation will keep rates on hold for the rest of the year. 'The big picture remains that inflation is set to stay miles above target for the foreseeable future,' Elliott Jordan-Doak, at Pantheon, said. Rate sensitive housebuilders bucked the upbeat mood on the FTSE 100. Persimmon fell 0.3% and Taylor Wimpey dipped 0.5%. In better news for the sector, average UK house prices increased by 3.7% to £269,000 in the 12 months to June, picking up from a downwardly revised 2.7% in the 12 months to May, according to ONS data. May's figure was revised from growth of 3.9% before, partly reflecting a change in how new build inflation is assessed. House prices rose 3.3% in England, 2.6% in Wales, 5.9% in Scotland and by 5.5% in Northern Ireland from a year ago. Despite the fading rate cut hopes, the pound eased to 1.3468 dollars late on Wednesday afternoon in London, compared with 1.3503 dollars at the equities close on Tuesday. The euro edged down to 1.1661 dollars, lower against 1.1669 dollars. Against the yen, the dollar was trading lower at 147.15 yen compared with 147.75 yen. In Europe, the CAC 40 in Paris ended slightly lower, while the DAX 40 in Frankfurt closed down 0.6%. In New York, the Dow Jones Industrial Average was up 0.1%, the S&P 500 was 0.5% lower, and the Nasdaq Composite declined 1.2%. The yield on the US 10-year Treasury was at 4.29%, narrowed from 4.31%. The yield on the US 30-year Treasury was 4.90%, trimmed from 4.91%. Technology stocks bore the brunt of the losses on Wall Street after a report produced by a branch of the Massachusetts Institute of Technology suggested 95% of companies are getting zero return on their investment in generative artificial intelligence. Russ Mould, at AJ Bell, noted these findings follow hot on the heels of comments from OpenAI chief executive Sam Altman that suggested investors are 'over-excited' in this area. 'For now, this looks like a mild and possibly necessary correction after an extremely strong run for this space and the companies within it. Investors will be watching closely to see if AI stocks stabilise from here or the selling continues. Nvidia's quarterly earnings next week now look even more crucial than they already were,' Mr Mould commented. On the FTSE 100, ConvaTec gained 5.6% as the medical products supplier started a share buyback worth up to 300 million dollars. United Utilities firmed 3.5% as Barclays upgraded to 'overweight' and set a 1,535 pence share price target. But the Nasdaq losses on Wall Street saw Polar Capital Technology Trust and Scottish Mortgage Investment Trust – both investors in the technology sector – fall 3.2% and 1.6% respectively. On the FTSE 250, Ithaca Energy shot up 10% after reporting a big jump in half-year profit, confirming its dividend plans, and increasing its 2025 production guidance. The North Sea-focused oil and gas company said pre-tax profit almost tripled to 146.2 million dollars in the second quarter from 52.9 million dollars a year before, as revenue more than doubled to 746.4 million dollars from 361.6 million dollars. Average production in the first half was 123,600 barrels of oil equivalent per day, up from 53,000 a year before. Ithaca raised its full-year guidance to between 119,000 and 125,000 boe per day from between 109,000 and 119,000. On AIM, Fevertree Drinks slumped 9.9% as Exane BNP downgraded to 'underperform' with a 740p per share price target. Elsewhere, positive trading updates supported timber distributor James Latham and fishing tackle and equipment retailer Angling Direct, up 3.2% and 6.7% respectively. A barrel of Brent traded at 66.70 dollars late on Wednesday afternoon, up from 66.08 dollars on Tuesday. Gold firmed to 3,341.46 dollars an ounce against 3,325.33 dollars. The biggest risers on the FTSE 100 were ConvaTec Group, up 13 pence at 244.2p, United Utilities, up 39p at 1,159.5p, Unilever, up 148p at 4,692p, Cola Europacific Partners, up 200p at 6,840p and Imperial Brands, up 85p at 3,141p. The biggest fallers on the FTSE 100 were Polar Capital Technology Trust, down 13 pence at 388.5p, Rolls-Royce, down 33.5p at 1,026p, easyJet, down 10.2p at 508.4p, ICG, down 38p at 2,162p and Scottish Mortgage Investment Trust, down 17p at 1,066p. Thursday's local corporate calendar has full-year results from recruiter Hays. The global economic calendar on Thursday has a slew of composite PMI readings, UK public sector borrowing data, US weekly jobless claims figures and the Philadelphia Fed manufacturing index.

Scottish Labour MSP Colin Smyth arrested and charged over indecent images
Scottish Labour MSP Colin Smyth arrested and charged over indecent images

The Independent

time28 minutes ago

  • The Independent

Scottish Labour MSP Colin Smyth arrested and charged over indecent images

MSP Colin Smyth has been arrested and charged in connection with possession of indecent images, prompting his suspension from Scottish Labour. The South Scotland MSP was arrested on Tuesday and is due to appear in court at a later date. He was first elected as an MSP in 2016 and returned to Holyrood again at the 2021 election. The Scottish Parliament website now lists him as an Independent. A spokesperson for Police Scotland said: 'On Tuesday, August 5, 2025, officers executed a warrant at a property on Marchfield Avenue, Dumfries. 'A 52-year-old man was arrested and charged in connection with possession of indecent images. He is due to appear at Dumfries Sheriff Court at a later date.' A spokesman for Scottish Labour said: 'The whip has been removed from Colin Smyth MSP, pending an investigation. 'We cannot comment further on this matter while the investigation is ongoing.' It is understood the MSP was administratively suspended by Labour after the party became aware of the police investigation.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store