Brexit Trade Barriers Could Cost Scotland £4 Billion, New Analysis Reveals
A recent analysis from the Office of the Chief Economic Advisor has highlighted the significant economic impact Brexit trade barriers could have on Scotland, estimating a potential cost of £4 billion to the country's economy. This analysis, focusing on trade reductions alone, does not account for broader changes in productivity, investment, or migration. Trade Losses in Key Sectors The report from the Trade Modelling Report outlines how Scottish exports could experience a 7.2% reduction, equating to a loss of £3 billion compared to what might have been expected had Scotland remained part of the European Union (EU). Several key sectors…
