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Scotland Lost $5 Billion As A Result Of The UK Leaving The EU

Scotland Lost $5 Billion As A Result Of The UK Leaving The EU

The Scottish economy has already lost £3.94 billion ($5 billion) as a result of the UK's exit from the European Union, according to the press service of the Scottish National Party (SNP), referring to a study by the University of Warwick.

Thus, every Scot since the implementation of Brexit has missed an average of £736 ($936), and the most affected city is named as Aberdeen, where each of its residents lost £9 thousand. Also, the Scottish government's analysis showed that the completion of the Brexit transition period in 2020 within two years could lead to a further £3 billion ($3.8 billion) reduction in the Scottish economy.

"The data shows that the Scottish economy has already been hit hard by Brexit... The conservatives' reckless plans to leave the EU with a bad deal or no deal at all amid a pandemic will make Scotland even poorer," SNP shadow economy Minister Steve Flynn said.

A referendum on whether to continue the United Kingdom's membership of the EU was held on 23 June 2016. Even though the majority of people in Scotland spoke out against Brexit, the eurosceptics won the plebiscite with a result of 51.9%. After several postponements of the Brexit date, the UK's official exit from the EU took place on the night of February 1, this year.

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