Economy Secretary Keith Brown gave evidence to MSPs following Brexit
Nicola Sturgeon announces an expert group to advise on aftermath of Brexit vote as MSPs debate the EU referendum.
Education Secretary John Swinney announces Education Delivery Plan
Image source, Getty ImagesMr Brown says "the fundamentals of the Scottish economy are strong" but he does not underplay the challenges that must now be faced.
Mr Brown says the government intends to approach the coming challenges from a position of some strength.
The economy secretary details support for the oil and gas industry and the pressure being brought to bear on the UK government to increase its support.
Economy Secretary Keith Brown says the economic climate for Scotland has changed in the last few days after the EU referendum which will "inevitably lead to economic uncertainty".
Mr Brown says we are still in the EU and Scotland remains an attractive place to do business.
Economy Committee, external convener Gordon Lindhurst asks the witnesses to introduce themselves.
Giving evidence today are Economy Secretary Keith Brown and Business Minister Paul Wheelhouse.
Simon Fuller deputy director of the Office of the Chief Economic Advisor (OCEA), Rachel Gwyon, Head of Business Development, Bank Division and Andy Hogg the head of Offshore Oil and Gas will also give evidence.
Some companies are likely to impose a hiring freeze following Britain's vote to leave the European Union, according to a leading business group.
The Institute of Directors (IoD) surveyed 1,000 of its members and found that a quarter planned to freeze recruitment.
Image source, Getty ImagesThe results suggested that almost a third would keep hiring at the same pace, with 5% planning to cut jobs.
Almost two-thirds said the vote was negative for their business.
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Douglas Fraser
Scotland business & economy editor
This time, it's the housing market. Not that prices are falling - plenty people would welcome that, home owners perhaps less so. The problem is that activity is slowing up.
We've had three years in which insufficient numbers of homes have come on to the market, and too few are being built to meet projected growth in demand.
The latest from the surveyors at Rics is that insufficient numbers are entering the market as buyers. The best that can be said is that prices have sort of stabilised.
Image source, ThinkstockThat report is the latest in a long run of flashing lights in the Scottish economic cockpit. We sometimes complain there is not enough statistical data to know what's going on out there.
But when almost all of the numbers are telling a similar story, and it's not a good one, then perhaps it's time to pay more attention.
Immediately before Rics, it was the recruitment agency survey from Markit data specialists (the monthly one formerly sponsored by Bank of Scotland).
There's growth in the number of job starts, but very little. More significant is that, despite redundancies from the offshore sector, skill shortages are becoming clearer, so starting pay is rising.
The problem looks most severe in hotels and catering. A chat with the proprietor of my favourite curry shop this week brought news that the market for chefs is tightening again, due to visa restrictions.
Image source, PAMr Osborne said he would play 'an active part' in the Brexit process
George Osborne has said the UK is ready to face the future and indicated there will be no immediate emergency Budget.
He said there would still need to be an "adjustment" in the UK economy.
However, it was "perfectly sensible to wait for a new prime minister" before taking any such action.
He also said that only the UK could begin the process of leaving the EU by triggering Article 50 of the Lisbon Treaty.
Image source, PA/Getty ImagesWhat next for the Scottish economy after Brexit vote?
Economy Secretary Keith Brown and Business Minister Paul Wheelhouse will give evidence to the Economy Committee.
Simon Fuller deputy director of the Office of the Chief Economic Advisor (OCEA) and David Patel from OCEA, as well as Andy Hogg the head of Offshore Oil and Gas.
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Welcome to Holyrood Live on Tuesday 28 June 2016.
First Minister Nicola Sturgeon will give a statement to the Scottish Parliament on the EU referendum result.
This will begin just after 2pm.
It is expected there will then be an emergency debate on the vote to Brexit.
Image source, PAFirst Minister Nicola Sturgeon will give a statement on the vote to Brexit
Earlier in the day Economy Secretary Keith Brown and his junior ministers will be outlining the Scottish government's plans to for the economy following the EU referendum result for leave.
Finally Tory MSP douglas Ross will celebrate the Scottish Team at Euro 2016....no we have not sneaked in the back door.. he means Scotland's referee and linesmen who made it to France.