LISTEN: Sense of shock following EU referendum

The decision to quit the European Union generate "significant uncertainty" over trade, business and industry leaders have warned.

Published 24th Jun 2016

Scots voted overwhelmingly for remaining part of the EU, but voters in England and Wales have swung the result for Leave.

Highland SNP MP Drew Hendry was clear that the vote had gone against the will of the people of Scotland:

The result sent the financial markets into meltdown, with the Institute of Chartered Accountants of Scotland saying that the decision would "create a sense of shock in Britain's boardrooms".

But chief executive Anton Colella, stressed the need to "respect the democratic will of the British people", calling on the Government to "act swiftly and decisively to bring clarity to key questions for business which were never answered during the campaign".

Highlands & Islands MSP Rhoda Grant said there will be a huge impact felt in the north from leaving the EU:

A spokeswoman for the Scotch Whisky Association said that the "process of leaving the EU will inevitably generate significant uncertainty"

With "serious issues" to be resolved, such as the UK's trade agreements, the spokeswoman added: "The government will now need to consult as it prepares its negotiating approach"

"We urge thoughtful and serious consideration by all parties so that we can secure the best possible continued access to the EU and other export markets on which Scotch whisky's success has been built, whilst minimising costs and complexity"

However, the leaders of the Scottish White Fish Producers' Association and Shetland Fishermen's Association acknowledged that most of their members had wanted out of the EU.

But they claimed the UK's exit would not bring long-term benefits without close collaboration with Holyrood and Westminster on new UK and Scottish fisheries policy.

SWFPA chief executive Mike Park said: "European Union fisheries policy is flawed - that is why so many fishermen voted to leave"

"But we need to recognise that there are significant dangers to the industry if the UK and Scottish governments do not react to the very clear message by focusing on a new approach that recognises fishermen themselves and their communities as the key stakeholders"