Scots could be £800 worse off if Brexit deal goes ahead.
Edinburgh, Fife and Tayside would be worse hit than any other part of the UK by Labour’s proposed Brexit deal, stunning new analysis has found.
A new report has warned that all regions will end up poorer if the UK leaves the EU with a Tory-Labour Brexit deal – with the east of Scotland facing a £1 billion hit to GDP.
Labour today confirmed they remain committed to Brexit, with the party wishing to leave the single market but remain in a customs union. The National Institute of Economic and Social Research analysis has found such a deal would mean an £80bn hit to the economy after 10 years, economists have said.
The analysis found that people would be an average of £800 worse off, GDP would shrink by 3% and there would be £13 billion less a year to spend on public services, compared with EU membership.
Analysis has consistently shown that any form of Brexit will be damaging for Scotland, with a recent report by Scotland’s top economic adviser revealing a No Deal Brexit could result in a recession worse than 2008.
Commenting, Gordon Macdonald MSP said, “Brexit – which Scotland did not vote for – is a clear and present danger to our economy, our communities and our public services.
“Labour and the Tories are both committed to delivering Brexit – and this stunning analysis shows that the east of Scotland would be the worst hit part of the UK under Labour’s plans. We need to send them a message.
“The only way to protect Scotland’s economy and our vital national interests is to stop Brexit.
“A vote for the SNP in the EU elections is a vote to make clear that Scotland says no to Brexit.”