no brexit deal would cost scotland £127bn study
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today
Almaghrib Today, almaghrib today
Last Updated : GMT 09:03:51
Almaghrib Today, almaghrib today

In The European Single Market

No Brexit deal would cost Scotland £12.7bn: study

Almaghrib Today, almaghrib today

Almaghrib Today, almaghrib today No Brexit deal would cost Scotland £12.7bn: study

Scotland's economy would shrink by 8.5 percent if Britain leaves the EU without a deal
Edinburgh - Al Maghrib Today

Scotland's economy would shrink by 8.5 percent if Britain leaves the EU without a deal, Scottish leader Nicola Sturgeon warned Monday as she pushed for Britain to stay in the European single market.

"There is no option short of EU membership that is as good as being in the EU," First Minister Sturgeon said as she presented an analysis of the economic impact of possible future ties with the bloc.

"This is about degrees of what does the least damage to our economy," she told journalists in the Scottish capital Edinburgh.

According to the new analysis, Scotland's GDP would plunge 8.5 percent by 2030 -- or 12.7 billion pounds ($17.5 billion, 14.3 billion euros) -- if no deal is reached with Brussels and Britain has to fall back on World Trade Organisation rules.

This compares to a 6.1 percent (9.0 billion) fall if a free trade accord is signed with the bloc, and 2.7 percent (4.0 billion) drop if the UK joins the European Economic Area and therefore stays part of the single market.

Sturgeon said the impact study served as "compelling" evidence that Britain should remain part of the single market, if it is not possible to stay an EU member as her Scottish National Party would like.

Scotland backed EU membership by 62 percent in the June 2016 referendum, compared to the overall British vote on 52 percent in favour of Brexit.

The SNP has previously pushed for a second referendum on Scottish independence from Britain, as a result of Brexit, and Sturgeon said Sunday a decision on holding another vote would be taken when the shape of the EU deal becomes clearer.

Sturgeon predicted a majority of British lawmakers would support single market membership, despite Prime Minister Theresa May ruling it out largely owing to its condition of continuing free movement of people.

But the Scottish leader argued the EU migration which comes as part of the single market rules is "essential to our future economic prosperity".

"Growing our population, and particularly our working age population, is perhaps the greatest national challenge that we face," she said.

- Scottish leader 'scaremongering' -

London and Brussels are due to move on to the next stage of Brexit negotiations this year, after achieving "sufficient progress" in December on a preliminary exit agreement.

Sturgeon accused the British government of a "reckless and irresponsible approach" in the negotiations so far, arguing London had entered talks with unachievable aims, and urged the government to put single market membership back on the table.

But the Scottish wing of the ruling Conservative Party accused the SNP of "scaremongering" with its study.

"No-one's doubting that Brexit will pose challenges, but it will bring opportunities too," said Scottish lawmaker Adam Tomkins.

The Conservative government is expected to be further challenged by the SNP over the management of areas such as fishing, which are currently governed through the devolved Scottish Parliament, as Britain prepares legislation to repeal EU laws.

Sturgeon said on Friday the SNP would introduce a bill to ensure Scotland retains the devolved powers after Brexit, in an attempt to avoid a Westminster "power grab".

Source: AFP

almaghribtoday
almaghribtoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no brexit deal would cost scotland £127bn study no brexit deal would cost scotland £127bn study

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

no brexit deal would cost scotland £127bn study no brexit deal would cost scotland £127bn study

 



Almaghrib Today, almaghrib today Skincare PR Performance Full Year 2017

GMT 09:22 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Almaghrib Today, almaghrib today New hunt for flight MH370 gets under way

GMT 11:03 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Almaghrib Today, almaghrib today Modern colorful bedroom renovation

GMT 10:57 2017 Thursday ,21 December

Modern colorful bedroom renovation
Almaghrib Today, almaghrib today Puigdemont candidate for Catalan president

GMT 13:56 2018 Tuesday ,23 January

Puigdemont candidate for Catalan president
Almaghrib Today, almaghrib today Turkey detains dozens more

GMT 10:47 2018 Wednesday ,24 January

Turkey detains dozens more
Almaghrib Today, almaghrib today The Rake announces editorial updates

GMT 10:46 2018 Tuesday ,16 January

The Rake announces editorial updates
Almaghrib Today, almaghrib today Europe brings on charm and blue skies

GMT 11:51 2018 Tuesday ,23 January

Europe brings on charm and blue skies
Almaghrib Today, almaghrib today For the Variety of Interior Design Styles

GMT 10:46 2017 Tuesday ,19 December

For the Variety of Interior Design Styles
Almaghrib Today, almaghrib today US Christian tourists see deep meaning

GMT 13:44 2018 Monday ,22 January

US Christian tourists see deep meaning
Almaghrib Today, almaghrib today Amazon to open first cashierless shop

GMT 10:03 2018 Tuesday ,23 January

Amazon to open first cashierless shop

GMT 12:34 2011 Tuesday ,20 December

Scotland\'s magical retreat

GMT 07:55 2017 Thursday ,09 November

Emboldened Xi, weakened Trump face tough talks

GMT 16:54 2017 Tuesday ,03 October

ECB hints at drawn-out end to bond-buying

GMT 12:56 2015 Monday ,06 April

Peter and the Wolf, concert for children

GMT 16:36 2014 Thursday ,05 June

Shatner to lead 2014 Stampede Calgary

GMT 15:06 2012 Monday ,07 May

Sahra Hassan wins award

GMT 01:35 2012 Sunday ,15 January

Gaza newspaper ban in effect for now

GMT 09:14 2012 Sunday ,19 August

Colour Extend Radiant

GMT 16:27 2015 Saturday ,23 May

Kia launches upgraded Picanto model

GMT 15:30 2011 Thursday ,12 May

Australia and India launch free trade talks

GMT 07:29 2014 Sunday ,24 August

You've overslept here's what you need to do

GMT 10:04 2011 Sunday ,11 September

Vauxhall/Opel to unveil 2-seat electric car at IAA

GMT 13:26 2011 Wednesday ,24 August

New Toyota Camry aimed at younger market

GMT 21:29 2016 Wednesday ,02 March

Lebanese scholars call on govt to apologize to KSA

GMT 23:49 2015 Tuesday ,15 September

Spanish bullfighter seriously hurt by goring in belly

GMT 10:18 2017 Saturday ,23 December

Baidu accuses former exec of stealing

GMT 04:52 2017 Thursday ,11 May

Gold edges off 8-week low

GMT 18:22 2011 Wednesday ,13 April

Number of Chinese millionaires nears 1M

GMT 15:28 2017 Wednesday ,20 December

Alaskan snow more than doubles due

GMT 11:46 2011 Tuesday ,14 June

£2m eco-friendly mosque planned for Germany

GMT 09:22 2017 Thursday ,05 October

UN to blacklist Saudi-led coalition

GMT 14:14 2017 Saturday ,21 January

Plans return to save sinking nation

GMT 13:59 2015 Tuesday ,28 April

New Mustang the fastest Ford ever
Almaghrib Today, almaghrib today
 
 Almaghrib Today Facebook,almaghrib today facebook  Almaghrib Today Twitter,almaghrib today twitter Almaghrib Today Rss,almaghrib today rss  Almaghrib Today Youtube,almaghrib today youtube  Almaghrib Today Youtube,almaghrib today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

.almaghribtoday .almaghribtoday .almaghribtoday .almaghribtoday
almaghribtoday almaghribtoday almaghribtoday
almaghribtoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
almaghribtoday, Almaghribtoday, Almaghribtoday