Category Archives: Costs

Leaving the Single Market could cost Scotland £2.2billion

Leaving the European Economic Area could wipe £2.2billion-a-year from Scotland’s economy by 2030, according to major new research. The study shows that Labour’s proposal to stay in a Customs Union but not the EEA – which would enable membership of the Single Market – would cost the entire UK £29billion-a-year with the loss of more […]

Report warns of Brexit damage to key economic sectors

A new report for the independent Scottish Parliament Information Centre has warned that Brexit poses ‘significant worries’ for all six of Scotland’s key economic sectors. Read more by clicking here to visit the Scotland on Sunday website, or click here to read the original report. Heatmap – Brexit and the Scottish economy: issues across the Growth Sectors […]

Hospitality chief warns of “serious trouble” if freedom of movement ends

The head of Scotland’s hospitality industry has today warned that ending freedom of movement after Brexit will leave businesses in ‘pretty serious trouble’. Willie Macleod, executive director for Scotland with trade body UKHospitality, told MSPs on Holyrood’s economy committee there is the risk of a significant ‘labour market issue’. “If, as seems likely, we’re going […]

Cost of a Tory Hard Brexit revealed

  A HARD BREXIT under the Tories could immediately cost an average worker in Scotland £116-a-year, new research has revealed. The study reveals that income losses could soar, rising to over £1,000 by 2027, with those on the average wage in Edinburgh being hit even harder. The findings are based on a ‘no deal’ scenario […]