To ask the First Minister what assessment the Scottish Government has made of any implications for its policy for economic development in Scotland of the findings of the Resolution Foundation’s recent report on the United Kingdom’s economic and trade performance. (S6F-03239)

The report by the Resolution Foundation highlights that the UK has faced a decade of economic stagnation and low productivity growth. It also shows that the UK’s trade openness has declined by 0.7 percentage points since 2019, compared with a 1.2 percentage point rise for G7 countries excluding the United Kingdom. A hard Brexit that Scotland voted to reject has damaged our economy. Scotland is open for business, trade and investment, but actions by the UK Government, such as taking us out of the European Union, and the UK Government’s damaging approach to migration, are holding back our economy. Only independence will give Scotland the full range of powers to take economic decisions that are based on our own needs, with the full fiscal and tax levers of a normal independent country.

The report indicates that the principal driver of economic growth in the UK since 2010 has been immigration. Will the First Minister outline how the conclusions of the Resolution Foundation report feed into the work of the Scottish Government’s “Building a New Scotland” series, in which the migration paper outlines Scotland’s unique migration needs and proposals designed to meet our demographic challenges?

The issue of migration is central to the economic wellbeing of any society. The United Kingdom is putting itself at a formidable competitive disadvantage by taking such a hostile attitude towards migration. We can see that beginning to have an effect on some of our universities, which have been absolutely wonderful examples of international institutions but are now finding their opportunities constrained by the approach to migration, which is damaging to the interests of Scotland. I signal the Scottish Government’s willingness to engage constructively on finding routes to support migration, which will help to boost our economy.

I note the information that was published this week in the Royal Bank of Scotland purchasing managers index report, which showed that, notwithstanding those challenges, private sector business activity growth in Scotland was the second highest across the United Kingdom’s 12 nations and regions, which demonstrates that Scotland is very much open for business.