New independent analysis has revealed the devastating cost of Brexit to UK business as a staggering £37 billion per year.
House of Commons Library research, commissioned by SNP MP Stephen Gethins, confirmed the eye-watering annual total, which the SNP has branded as “obscene”.
Stephen Gethins MP said:
“This is an appalling loss of trade at a time when business and the Exchequer can ill afford it.”
“When the government is cutting budgets that will hit the poorest in the UK with benefits cuts – and the most vulnerable around the world with aid cuts – it is obscene that it continues to pursue an expensive and unnecessary hard Tory Brexit.
“The drop in trade makes us all poorer, including taking away resources from the Treasury.
“It also makes growth more difficult by hobbling business with red tape that is particularly detrimental to SMEs.
“A hard Brexit makes us poorer and less secure.
“The government must stop punching down on the most vulnerable to balance the books and join the customs union and single market at the very least.”
