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The risks of Scotland crashing out of the EU without the UK government securing a deal have been revealed in a damning report by the London School of Economics.

Figures show that every single part of Scotland, and of the UK as a whole, will be adversely affected even in the event of a soft Brexit with single market membership maintained – however the impact of dropping off a hard Brexit cliff edge would be significantly worse.
A regional breakdown of the figures shows that Perth & Kinross could be set to lose 2.5% in value of its goods and services (GVA) under a soft Brexit scenario (equivalent to £430 million) or 4.5% (£770 million) with a hard Brexit no-deal.
The report concludes that over a five-year period Scotland will lose out on over £17 billion with a soft Brexit situation, but by a devastating £29.4 billion if no provisions are made to halt a hard Brexit outcome.
The SNP is demanding that the UK government must now publish its own analysis into the impact of Brexit on Scotland.
Commenting, Roseanna Cunningham MSP said:
“If people were in any doubt about the costs of Brexit, this report makes it perfectly clear – Scotland will pay a heavy price for being dragged out of the European single market against our will. And our local area will pay our part of that price.
“Perth & Kinross is set to lose out to the tune of  £430 million in the event of a ‘soft Brexit’, a heavy hit that could be doubled down to over three quarters of a billion pounds if this reckless Tory government insists on playing fast and loose with Scotland’s economy and heads for the EU exit door without securing a deal on the single market.
“The SNP has been completely consistent on this point – maintaining Scotland’s single market membership is absolutely vital in terms of protecting jobs, living standards, Scottish businesses and – as this report shows – the sale of goods and services from each and every part of our country.
“While the UK government has kept under wraps its own analysis of the hefty price Scotland will pay for Brexit, they can’t keep this hidden from the public any longer. Households and businesses in Perth & Kinross deserve the truth.
“It’s time for the UK government to listen up – Scotland won’t pay a £30 billion bill to be dragged off a Brexit cliff edge. We need a single market deal that works for Scotland and we need that guarantee now.” 

Roseanna Cunningham MSP, 63 Glasgow Road, Perth PH2 0PE  •  01738 620540   •   Website designed & hosted by Craig Mackay Design