Brexit research shows economic risk to Scotland

Author (Corporate)
Series Title
Series Details 23.08.16
Publication Date 23/08/2016
Content Type

On the 23 August 2016 the Scottish Government issued a report Potential Implications of the UK Leaving the EU on Scotland’s Long Run Economic Performance, the first of a series of reports. The report drew on research by a range of external organisations.

Leaving the European Union was projected to cost the Scottish economy up to £11.2 billion per year and Scottish public finances up to £3.7 billion per year.

Scottish GDP was projected to be between £1.7bn and £11.2bn per year lower than it would have been if Brexit did not occur. Tax revenue was projected to be between £1.7bn and £3.7bn lower.

First Minister Nicola Sturgeon said that the analysis was further evidence of the need to protect Scotland’s relationship with the EU.

In a separate report issued in October 2016 by the Fraser of Allander Institute called the Long-term Economic Implications of Brexit, it was suggested that Brexit was predicted to have a negative impact on Scotland’s economy. The analysis also made clear that Brexit was not going to be straightforward.

Source Link http://news.scotland.gov.uk/News/Brexit-research-shows-economic-risk-to-Scotland-2940.aspx
Related Links
ESO: In Focus: Brexit - The United Kingdom and the European Union http://www.europeansources.info/record/brexit-the-united-kingdom-and-the-european-union/
ESO: Scottish independence referendum, 2014 http://www.europeansources.info/record/scottish-independence-referendum-2014/
ESO: Background information: The EU Referendum, 23 June 2016. The United Kingdom and the European Union. The results http://www.europeansources.info/record/the-eu-referendum-23-june-2016-the-united-kingdom-and-the-european-union-the-results/
ESO: Background information: The EU Referendum, 23 June 2016. The United Kingdom and the European Union. The results - Scotland - Reaction to EU referendum result http://www.europeansources.info/record/the-eu-referendum-23-june-2016-the-united-kingdom-and-the-european-union-the-results-scotland-reaction-to-eu-referendum-result/
ESO: Background information: Prime Minister to visit Scotland and underline commitment to 'preserving this special union' http://www.europeansources.info/record/prime-minister-to-visit-scotland-and-underline-commitment-to-preserving-this-special-union/
ESO: Background information: What does Brexit mean for Scottish politics? http://www.europeansources.info/record/what-does-brexit-mean-for-scottish-politics/
ESO: Background information: British-Irish Council. Extraordinary Council Summit, Cardiff, 22 July 2016 http://www.europeansources.info/record/british-irish-council-extraordinary-council-summit-cardiff-22-july-2016/
ESO: Background information: Options to protect Scotland in EU http://www.europeansources.info/record/options-to-protect-scotland-in-eu/
EurActiv, 23.08.16: Scots warn of Brexit costs as Sturgeon ups pressure on UK http://www.euractiv.com/section/future-eu/news/scots-warn-of-brexit-costs-as-sturgeon-ups-pressure-on-uk/
Scotland: Government: Report, August 2016: Potential Implications of the UK Leaving the EU on Scotland's Long Run Economic Performance http://www.gov.scot/Resource/0050/00504615.pdf
BBC News, 23.08.16: First minister warns on cost of Brexit to Scotland http://www.bbc.co.uk/news/uk-scotland-scotland-politics-37158722
EUObserver, 23.08.16: Scottish leader warns of independence https://euobserver.com/uk-referendum/134724
The Guardian, 23.08.16: Nicola Sturgeon to appoint Brexit minister http://www.theguardian.com/politics/2016/aug/23/nicola-sturgeon-to-appoint-brexit-minister
Politico, 23.08.16: Scottish economy to lose billions post-Brexit: report http://www.politico.eu/article/scottish-economy-to-lose-billions-each-year-post-brexit-report/
SNP: Updates, 11.09.16: Brexit: securing the best possible deal for Scotland http://www.snp.org/brexit_deal_scotland
SNP: News, 02.10.16: May’s 100 unanswered questions, 100 days on from the Brexit result http://www.snp.org/100_unanswered_questions_100_days_from_the_brexit_result
Scotland: Government: News, 04.10.16: Overseas doctors welcome in Scotland http://news.scotland.gov.uk/News/Overseas-doctors-welcome-in-Scotland-2c75.aspx
Fraser of Allander Institute [University of Strathyclyde]: News, 06.10.16: Long-term Economic Implications of Brexit https://www.sbs.strath.ac.uk/economics/fraser/20161006/Long-term-Economic-Implications-of-Brexit.pdf
The Guardian, 06.10.16: Hard Brexit could see Scotland lose 80,000 jobs and cost £2,000 a head https://www.theguardian.com/uk-news/2016/oct/06/hard-brexit-could-see-scotland-lose-80000-jobs-and-cost-2000-a-head

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Record URL https://www.europeansources.info/record/?p=496882