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Finance ministers EU vote talks

Published: 11 Jul 2016 00:01

Devolved administrations to discuss impact of EU vote.

Finance ministers from the three devolved administrations in the UK are holding talks today (Monday) to discuss the implications of the UK vote to leave the EU.

Scottish Government Finance Secretary Derek Mackay will travel to Cardiff to meet with his counterparts from Wales and Northern Ireland, Mark Drakeford and Máirtín Ó Muilleoir.

The ministers will discuss concerns around the impact of the vote on public finances and on future funding streams.

Speaking ahead of the meeting, Mr Mackay said:

"I firmly believe that membership of the European Union is in the best interests of Scotland and I am deeply concerned about the impact the Brexit vote could have on Scotland.

"No-one can be clear on the likely impact of Brexit on UK Government finances, and we are already seeing the UK Government suggest changes to future spending plans. It is clear that there are significant issues and challenges ahead.

"In these uncertain times, it is important that the three devolved administrations work closely together and I am determined to continue to explore all options to secure Scotland's interests and our place in Europe."