Brexit set to cost Scotland £11bn per year by 2030

GIL Paterson MSP has raised concerns about the economic impact of Brexit to Scotland after new research was revealed.

Today, Scottish Government analysis drawing on research from a range of external organisations showed that leaving the EU could cost the Scottish economy as much as £11.2 billion per year by 2030.

The figures, which also showed Scotland’s public finances could fall by as much as £3.7 billion per year, are further evidence that in order to protect jobs and livelihoods across Dunbartonshire, Scotland’s position in the EU must be maintained. The analysis points to damage to exports, reductions in investment and reduced economic growth as major concerns.

Mr Paterson said: "The economic climate of Scotland is clearly under threat - it is important off the back of this research we do all we can to secure Scotland's place in the European Union.

"Scotland's economy could lose up to £11.2 billion as a result of Brexit - this is a potentially staggering loss.

"Clydebank and Milngavie reaps the benefits of Scotland's membership of the EU. Being part of it provides countless business and job opportunities.

"Scotland should not be taken out of the EU after it voted to remain - the Scottish Government is doing an excellent job of exploring all options for us to stay.

"The research clearly shows we are better off in the EU, and we should be taking action to remain in order to protect the economy of Clydebank and Milngavie and indeed that of the whole nation."

Notes:

Scottish Government research is available here: http://www.gov.scot/Resource/0050/00504615.pdf