Na h-Eileanan an Iar SNP MP Angus MacNeil has hit out at the UK Government’s handling of Brexit negotiations and says exiting the EU will impact the economy even if a deal is struck.
Mr MacNeil, who is also Chair of the House of Commons International Trade Committee, has repeatedly questioned the Tory Government including the Prime Minister and the Secretary of State for Exiting the EU on what lies ahead, but has not been given any satisfactory answers.
First Minister of Scotland, Nicola Sturgeon yesterday (Thursday September 20) wrote to to all UK party leaders saying that if the UK does end up facing a choice between no-deal or a blind Brexit, then an extension to the Article 50 negotiation process “must be on the table” as the only way to avoid an economic cliff-edge and to allow all alternative options to be considered.
Mr MacNeil said: “With every passing day, it is becoming clearer that Brexit – with a deal or without a deal - will have negative consequences for our economy.
“What the media are not reporting is that Brexit, even with a deal – is bad news for our economy.
“Leaving the EU with a deal, a Free Trade Agreement - will mean a loss of 6 per cent to UK GDP – GDP (Gross Domestic Product) is the measurement of the value of economic activity within a country.
“Leaving the EU with no deal – a hard Brexit – will harm the UK’s GDP by 8 per cent.
“The USA makes up 28 per cent of global GDP and so a Free Trade Agreement with the US will boost UK GDP by 0.2 per cent.
“Therefore, to make up the difference, the UK needs a Free Trade Agreement with 8.4 times or 11.2 times global GDP! That leaves us with a gaping hole in our economy.”
Mr MacNeil says Scotland’s situation has changed radically since 2014 and that the time for a 2nd Independence Referendum is coming.
“We’re heading for unknown territory but we do have another option. Voters were told in 2014 that the only way to remain in the EU was to vote NO, Scotland as part of the UK is now leaving the EU.
“We have that 'get out of jail' card, that emergency exit that gives us another option and the time is coming to use it."