| Author (Corporate) | Scotland: Government |
|---|---|
| Series Title | Press Release |
| Series Details | 23.08.16 |
| Publication Date | 23/08/2016 |
| Content Type | News |
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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. |
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| Source Link | Link to Main Source http://news.scotland.gov.uk/News/Brexit-research-shows-economic-risk-to-Scotland-2940.aspx |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | United Kingdom |
