Gavin Newlands MP


Gavin Newlands, SNP MP for Paisley and Renfrewshire North, has warned that the Prime Minister risks dragging Scotland and the UK down the road to economic self-harm unless she urgently takes a no-deal Brexit off the table, as new analysis reveals that crashing out of the EU without a deal could hit Scotland’s economy to the tune of £14bn a year.

Findings published by the Confederation of British Industry (CBI) Scotland, warns that Scotland would be “significantly exposed” to the economic impact of a no-deal Brexit scenario.

Newlands has called for Theresa May to stop running down the clock and extend Article 50, rule out no deal, and bring forward legislation for a second EU referendum.

The director of CBI Scotland, Tracy Black, commented that the projected analysis would have a “devastating” impact on Scotland’s economy, with the annual loss of £14bn by 2034 being “more than annual public spending on hospitals, GP surgeries and other health services across Scotland.”

Commenting, Newlands said:

“Businesses in Scotland are crying out for certainty, and CBI Scotland is just one of a the long list of organisations who have warned of the catastrophic impact of a no-deal Brexit on Scotland’s economy, public services, businesses, and jobs.

“The Prime Minister is playing games while we hurtle towards no-deal, she must listen to the concerns that businesses are raising.

“The CBI represents 190,000 businesses across Scotland and the UK and has said there is a risk of ‘devastating’ damage to the Scottish economy, we absolutely cannot risk this. We should instead clear a new path as a successful independent European nation.”