Scotland’s Getting Fleeced Over Missing Brexit Compensation

Scotland is getting fleeced by the UK government over missing Brexit compensation – as the European Parliament approves over €1bn in Brexit subsidies for Ireland, as part of a €5.34 billion package for EU countries hit hardest by Brexit disruption.

Stephen Flynn MP said the Chancellor must “cough up the missing billions in Brexit compensation that Scotland is owed” – as Boris Johnson’s disastrous deal continues to hit Scotland’s businesses and economy hard.

The SNP Business spokesperson said the only way to keep Scotland safe from the long-term damage of Brexit is to become an independent country, with the full powers needed to regain Scotland’s place in Europe and boost economic growth.

A study by Warwick University in 2019 found that Scotland had already lost more than £3.94billion from Brexit.

Scottish Government analysis shows Brexit could cost Scotland £9billion, or the equivalent of £1600 for every person, by 2030 compared to EU membership.

Analysis from the House of Commons Library, using IMF data, shows the UK is the only country in north west Europe to have suffered from declining exports since the 2016 Brexit referendum.

While Ireland has increased its exports by +48.1%, the UK has suffered a downturn of -5.5%.

Commenting, SNP Business spokesperson Stephen Flynn MP said:

“Yet again, Scotland is getting fleeced by the UK government.

“The Chancellor must cough up the missing billions in Brexit compensation that Scotland is owed.

“Boris Johnson’s hard Tory Brexit deal has been a disaster.

“Scotland didn’t vote for Brexit but it has already cost the Scottish economy billions of pounds, with a hit of £9billion by 2030 compared to EU membership – the equivalent of £1,600 per person.

“Scottish businesses are losing millions every week as a result of Brexit – including our vital food and drink industry, and all businesses who depend on exports to the EU, which is the world’s largest single market – seven times the size of the UK.

“While the EU is looking after its member states – including Ireland, which is getting more than €1bn in Brexit compensation, the UK government is shafting Scotland.

“The Scottish government has yet to receive a single penny of the billions in compensation we are due.

“The only way to keep Scotland safe from the long-term damage of Brexit and Tory cuts is to become an independent country, with the full powers needed to regain Scotland’s place in Europe and boost economic growth.”