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.
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.”