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Analysis Shows Single Market Essential For Paisley

Cost Of A Hard Tory Brexit: £2,300 Loss Per Person.

 

New economic impact analysis by the Scottish Government has confirmed that the best way to protect the local economy and household incomes in Paisley is through Scotland remaining in the Single Market and Customs Union.

Tom Arthur MSP, Derek MacKay MSP, George Adam MSP & Gavin Newlands MP

Failure by the Tory government to secure a Brexit deal would see Scotland take a £12.7 billion economic hit, equivalent to £2,300 per year for each person in Paisley. The analysis also shows that a ‘Canada-type’ deal with the EU, with limited access to the Single Market, would still leave people in Paisley £1,610 worse off per head.

 

Other key findings show that remaining in the Single Market could create new opportunities for the local economy in Paisley to flourish, and that continued freedom of movement is required to support economic growth. Local industries such as our NHS is dependent upon free movement. Figures show that EU citizens currently working in Paisley currently contribute an average of £10,400 in tax revenues.

 

Commenting, George Adam, Paisleys MSP said:

 

“The best way to protect the economy and jobs in Paisley is to ensure that Scotland remains within the European Single Market and Customs Union.

 

“This latest analysis by the Scottish Government shows just how important that is for people living in Paisley – who would be left £2,300 worse off in the result of a hard Brexit scenario that the Tories seem to be on course for.

 

“People in Paisley voted decisively to remain in the European Union. We’re almost two years on from the vote and they UK government has failed to provide certainty for businesses and our public services which rely on free trade and free movement with the rest of the EU.

 

“The decisions taken over the coming months will be absolutely vital for jobs and the future of the local economy in Paisley. Failing to back Scotland’s continued place in Europe would have serious consequences and would be an absolute tragedy for future generations.”

 

Grass almost up to your knees is currently plotting the Paisley landscape

The Brexit Bombshell: Farmer’s Incomes Could Halve After No Deal

 

Farmers in Scotland could see their incomes cut in half after Brexit, a report by the Agriculture & Horticulture Development Board has warned.

The staggering new research warns that a No Deal Brexit, as increasingly threatened by Theresa May, is one of a number of threats to farm incomes – alongside possible changes to tariffs and subsidies.

The report finds that the “worst-case scenario” would see average farm profits across the UK fall from £38,000 a year to just £15,000.

Grass almost up to your knees is currently plotting the Paisley landscape

 

 

Commenting, Paisley’s MSP, George Adam said:

 

This is a bombshell report that exposes just how bad a Tory Brexit could get for rural Scotland.

 

“The food and drink industries are flourishing, and agriculture is an essential part to the local economy in Scotland – helping drive our tourism and hospitality industries as well as putting food on family tables.

 

“Theresa May’s reckless approach to negotiations risks enormous damage to our economy. It’s time that the Tories put the interests of the country ahead of their party squabbles – and committed to staying in the single market.”

 

Scottish Economic Growth Outstrips The UK

New GDP figures show that Scotland’s economy has grown 0.8% in the first quarter of 2017, four times the UK growth rate for the same quarter.

 

Production grew by 3.1%, accounting for most of the growth in Scotland, and the services industry grew by 0.3%.

 

Since 2007, productivity in Scotland – the key driver of economic performance  –  has grown by more than 7%. In the UK as a whole productivity growth has been close to zero (0.4%).

 

Commenting on the latest GDP figures, Paisley’s MSP, George Adam said:russell institute

 

“We are seeing an improving picture across Scotland – the economy is growing, the number of people in employment is rising and unemployment is at historic lows.

 

“Paisley has lots to be confident about. The SNP Scottish Government’s £6 billion infrastructure plan, £500 million Scottish Growth Scheme and record investment in Modern Apprenticeships and education will continue to support Paisley’s economy.

 

“However Brexit, and being removed from the world’s largest single market, poses the biggest threat to this progress and Scotland’s economy. A blind crusade towards a hard Brexit cliff edge could cost our economy around £11 billion a year by 2030 and result in 80,000 fewer jobs, and the fall in Sterling since the referendum is already pushing up prices and squeezing household incomes. This, accompanied by relentless Tory austerity, means we cannot be complacent.

 

“The SNP has a plan to grow our economy and we will continue to work hard to support it through difficult times ahead – determined to remain an open, European nation inside the world’s largest single market.”