Scottish Economy to See 2-11 Billion Pounds Brexit Hit, Government Says

Leaving the European Union will sap Scotland’s economy by between 1.7 and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.

Presenting the figures, Scotland’s First Minister Nicola Sturgeon said she was seeking “in good faith” to negotiate the Scottish chapter of the terms under which Britain leaves the EU, but would keep Scottish independence from the UK as an option.

“The old argument that the UK somehow delivers financial security for Scotland no longer holds water,” she told a news conference.

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.