World Scotland. Independence would cost three times more than the effects of Brexit according to a study

21:35  03 february  2021
21:35  03 february  2021 Source:   ouest-france.fr

Scotland is heading towards independence from the UK thanks to Boris Johnson and Brexit

  Scotland is heading towards independence from the UK thanks to Boris Johnson and Brexit Scotland is heading towards independence from the UK after Scottish First Minister Nicola Sturgeon promised to push ahead with a referendum on leaving the Union. The pledge comes amid polls showing majority support among Scots for leaving the UK. Johnson has so far refused to give legal permission for another referendum, but Scotland could push ahead with a vote regardless. Visit Business Insider's homepage for more stories. Scotland is heading towards independence from the UK. That's the inevitable conclusion to be drawn from the latest opinion polls which show a surge in support for Scottish nationalism.

Une formation écossaise en kilt jouant de la cornemuse au festival interceltique de Lorient. Photo d’illustration © Archives OUEST-FRANCE A Scottish band in kilt playing bagpipes at the Lorient interceltic festival. Photo illustration

A study by the London School of Economics relayed on Wednesday 3 February estimates that Scottish independence from the United Kingdom would lead to a sharp drop in the income of the British province.

The independence of the Scotland of the United Kingdom could lead to a loss of income for the British province of up to 8.7%, according to a study by the London School of Economics, relayed this Wednesday by the site specialist Politico .

Leaving the UK "would be two to three times more expensive" for Scotland than the effects of Brexit on its economy, according to this analysis by the Center for Economic Performance of the London School of Economics (LSE ).

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There is a lot of trade between the United Kingdom and Scotland

The authors of this report point out in particular the fact that the return of a border between the United Kingdom and Scotland would have a strong economic impact on the province . It does indeed trade four times more with the rest of Great Britain and Northern Ireland than with the European Union. A situation that would not reverse for several decades, according to the study.

Under an "optimistic scenario" , the costs of independence would increase by 15% and up to 30% in a more "pessimistic" approach . According to the authors of the report, the trade advantages linked to a possible reintegration into the European Union, a procedure which could take place quickly, since the United Kingdom (and therefore Scotland) respected all European rules until 2020 , would not be sufficient to offset the cost of leaving the UK.

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The study estimates that “the benefits of ending customs duties with the EU and the free movement of goods would correspond to the cost of establishing an external border with the rest of the UK” for the Scots.

A growing drive for Scottish independence

This report was, of course, immediately contested by the Scottish Nationalists (SNP), currently in power in Edinburgh. Scottish Secretary of State for the Economy, Fiona Hyslop, said on Wednesday that researchers had not taken into account other effects of independence, such as changes in investment flows, tax arrangements or Scottish currency. “Thanks to its accession to the EU, Ireland has considerably reduced its trade dependence on the United Kingdom, diversifying into Europe and, in doing so, its national income per capita has exceeded that of the United Kingdom. Uni ”, she pointed out.

This study comes at the right time for British Prime Minister Boris Johnson, who said he was firmly opposed to any new elections, less than 10 years after the independence referendum of 2014.

The Scottish government complained about the January 10, changes linked to the materialization of Brexit , despite the trade deal found, which could cause Scotland's GDP to fall by 6% over the next decade.

Delays in deliveries: the EU refrains from entering a vaccine war with the United Kingdom .
© JUSTIN TALLIS / AFP The European Commission adopted on Friday January 29 a mechanism to control exports outside the United Kingdom EU vaccines. (Photo illustration) The European Union finally backed down on Friday evening from including Northern Ireland in the vaccine export control mechanism announced earlier today on Friday.

usr: 0
This is interesting!