Brexit’s economic impact on Scotland leaked, and it’s not good
Regular readers of this blog will be aware that we made a doomed attempt to discover the UK Government’s figures for the economic impact of Brexit on Scotland.
You will also be aware that, last week, a government report was leaked suggesting that in every scenario Brexit was going to be bad for the UK economy.
Well, today a regional breakdown from that report has also been released.
And, surprise surprise, it doesn’t look great for Scotland. Or anywhere else outside of London for that matter.
So, that’s Scottish GDP down by between 2.5 and 9 percent depending on the type of Brexit.
Which is worrying because the government has ruled out the type of Brexit that is going to do the least damage.
What is infuriating about this is that these figures are broadly similar to the ones that the Scottish Government published a few weeks ago.
Figures that were met with derision by the Scottish Tories and whataboutery by Scottish Labour.
Today confirms that the UK Government, the Scottish Government and every sane economist and reputable economic organisation are all in agreement. A Brexit Scotland didn’t vote for is going to have a devastating impact on the Scottish economy. And within the current constitutional settlement, there is nothing we can do about it.
For more details on this impact, check out our blog on the Scottish Government report here.