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By The National and Believe in Scotland Brexit is the result of a democratic deficit which sees Scotland ignored BREXIT has slashed Scotland’s exports to the EU, pushed large and small firms to the brink of bankruptcy, created job losses, cost millions in lost orders and left fresh produce rotting in queueing lorries unable to get to European markets in time. And ironically the area of the UK to suffer most from Brexit is the area which wanted it least: Scotland. How did we get here, when Scotland voted resoundingly against Brexi...

Tuesday, March 16, 2021 INTRODUCTION On 24 December 2020, Michael Barnier, the European Union’s chief negotiator said, “The clock is no longer ticking”. Four and a half years after the Brexit referendum, the United Kingdom and the European Union had finally concluded a free trade and cooperation agreement (TCA) that provisionally 1 became applicable on 1 January 2021. From that date, UK asset managers and other financial services firms lost their passporting rights. These rights had broadly allowed UK-licensed firms to provide their services into the EU from the UK, and EU-li...

Introduction On 24 December 2020, Michael Barnier, the European Union’s chief negotiator said, “The clock is no longer ticking”. Four and a half years after the Brexit referendum, the United Kingdom and the European Union had finally concluded a free trade and cooperation agreement (TCA) that provisionally 1 became applicable on 1 January 2021. From that date, UK asset managers and other financial services firms lost their passporting rights. These rights had broadly allowed UK-licensed firms to provide their services into the EU from the UK, and EU-licensed firms to provide their servi...

Tuesday, March 16, 2021 Following months of uncertainty, on Christmas Eve a Brexit agreement was finally reached between the United Kingdom (“ UK”) and the European Union (“ EU”). The European Union (Future Relationship) Act 2020 (the “ Act”) received Royal Assent on 30 December 2020. While the agreement signalled an early Christmas present for many, for others it failed to offer the certainty that they long hoped such an arrangement would provide. One of the areas on which the Act fails to offer much guidance is money laundering and terrorist financing. The EU has intro...

  The financial year to 30 November 2020 has been a period of significant challenge and uncertainty, following the emergence of the COVID-19 pandemic and the subsequent imposition of protective measures and restrictions that have had a wide reaching impact on the economy and our society. This public health crisis has touched the lives of many people and our thoughts are with everyone who has been affected.   Notwithstanding the disruption caused by the pandemic, your Board is pleased to announce a slight uplift in NAV total return at the year end to 79.83p per share. Under the circumstances...