New Paper Shows Scale of Damage 7 Years On
Marking seven years to the day since the majority of people in Scotland voted to remain in the European Union, a paper has been published detailing the impact of Brexit.
It outlines how Brexit has limited economic growth, restricted trade, increased food costs and diminished opportunities for young people.
The report draws from reports and official statistics. These include:
- an expected loss of £3 billion every year in public revenues for Scotland
- food price inflation at a 45 year high with Brexit responsible for an estimated one third of it
- damaged trade with 44% of businesses in Scotland naming Brexit as the main cause of difficulties trading overseas
- additional estimated costs of up to £600 per consignment for some shellfish exporters as a result of trade barriers
- staff shortages reported by 45% of tourism businesses in the Highland and Islands, as a result of the loss of freedom of movement
- loss of access to supporting funds like the €96 billion Horizon research programme and Common Agriculture Policy
- less efficient law enforcement co-operation, without access to instant EU-wide alerts and intelligence and civil justice co-operation measures
- more costly and difficult travel arrangements, with long transit delays, more obstacles for touring artists, and roaming charges reintroduced by most operators
Research published by the London School of Economics (LSE) last month found Brexit had added £7 billion to UK food bills, with households £250 worse off on average, while analysis from Bloomberg Economics showed Brexit has cost the UK £100 billion a year in lost output.
Former Bank of England Governor Mark Carney has also warned Brexit is a key factor in causing “a weaker pound, higher inflation and weaker growth“.