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Rennie on RBS Brexit cash shift

December 7, 2018 4:00 PM
Originally published by Scottish Liberal Democrats

Responding to reports that the Royal Bank of Scotland is to shift £13 billion worth of business to the Netherlands if the UK crashes out of the European Union with no deal, Scottish Liberal Democrat Leader Willie Rennie said:

"There has never been a Conservative government more hostile to British business. RBS couldn't be any clearer: Brexit is a bad idea and a no-deal Brexit will have home grown companies running for the hills.

"RBS' warning is steady confirmation that Scotland would lose billions in banking business within just days of Article 50 being triggered, and this is only one company in one industry.

"The Prime Minister has already made clear no Brexit is a very plausible option. The time has come for a People's Vote with the option to remain in the European Union."