COVID and Brexit generate losses to Trump business in Scotland | WORLD

The golf course in northeast Scotland of the president of the United States, Donald Trump, continues to accumulate losses and warned about the impact that the coronavirus pandemic and the departure of the Kingdom from the European Union will have on the business.

Trump International Golf Club Scotland Ltd., which operates a field in Aberdeenshire, reported a net loss of 1.1 million pounds (US $ 1.5 million) in 2019 after losing 1.07 million pounds the previous year, according to a statement filed with the UK Trade Register.

Revenues were up 18% to 3.28 million pounds, up from 2.77 million pounds in 2018.

Investing in Northeast Scotland has generated controversy over the years, as Trump has had some disagreements with environmentalists, residents and the Scottish Government.

The latest challenges it has faced are the duration and spread of the COVID-19 pandemic and the impact this has had on consumer spending and confidence, “which are very uncertain in the current environment”Says the statement.

Scotland, like much of the UK, is under lockdown and reports record numbers of infections daily.

That will be compounded by the “uncertainty expected to be generated by Brexit in 2021”According to the report, which was presented before the UK reached a trade agreement with the European Union on Christmas Eve. Trump has praised the UK’s departure from the bloc.

The company said it is moving forward with the development of a new 550-unit residential complex with vacation homes and recreational facilities after obtaining approval in September 2019.