Around 80,000 jobs in Scotland could be lost if the government decides on a “hard” Brexit, according to research from Strathclyde University’s Fraser of Allander Institute. The analysis found that both “soft” and “hard” Brexit options will have a negative economic impact, but that Scotland will be less affected than the rest of the UK, suffering a 2-5% GDP drop after a decade. A hard Brexit would see Scotland’s economy shrink by around £1bn per year – equivalent to about 1% of national output – while leaving it with an unemployment rate higher than the UK average. Scotland may also gain a $860m “fiscal stimulus” if the Scottish share of EU contributions is sent to the SNP government.
Around 80,000 jobs in Scotland could be lost if the government decides on a “hard” Brexit, according to research from Strathclyde University’s Fraser of Allander Institute. The analysis found that both “soft” and “hard” Brexit options will have a negative economic impact, but that Scotland will be less affected than the rest of the UK, suffering a 2-5% GDP drop after a decade. The research does not take into account new trade deals with non-EU countries. Scotland may also gain a $860m “fiscal stimulus” if the Scottish share of EU contributions is sent to the SNP government.