The Scottish Grocers Federation has expressed concerns over the “double whammy” of Brexit and another potential independence referendum.

Scotland voted in favour of remaining in the EU, but following the Brexit result SNP leader Nicola Sturgeon has said another independence referendum was likely.

SGF chief executive Pete Cheema said: “We ae concerned that the result will mean a prolonged period of economic instability – we have already seen significant volatility in the stock exchange and currency markets – which will mean uncertainty for business and have a negative impact on investment, jobs and consumer spending.

“In Scotland the convenience store sector seems to be having the double whammy of a Brexit and another independence referendum campaign and the uncertainty this will bring.”

However, the National Federation of Retail Newsagents welcomed the referendum result.

Chief executive Paul Baxter said: “Just days ago Independent retailers sent out a very clear message that membership of the EU was bad for their businesses with stifling red tape and ever increasing operating costs. We are, therefore, pleased that these passionate calls have been heeded by the British public who have voted for a Brexit.

“But after such a monumental outcome, what is needed now is calm reflection and clear planning so the UK can move forward positively. We expect the government to include all parties and sectors, including business, in its negotiations and the NFRN looks forward to making sure that the voice of the independent retailer is clearly and loudly heard.”

As part of the exit negotiation the UK government will have to consider what EU legislation the UK will retain or remove. This could include a range of regulations that impact on the convenience sector such as the packaging waste directive, the Electrical Equipment Waste Directive, tobacco products directive 2 and food labelling regulations.