Stephen Flynn to raise Brexit ‘folly’ with Bank of England boss


Responding to Flynn, a spokesman for the UK government pointed to forecasts from the Office for Budget Responsibility, which has said leaving the EU will reduce the UK’s economy GDP by about 4% in the long term.

He pointed to new trade agreements with the EU, US and India, and added: “Our new deal with our closest neighbours is good for bills, good for our borders and good for jobs, paving the way for cheaper food on shelves, less burden on our businesses, more opportunities for young people and more money in the pockets of working people.”

Reform UK has been asked to comment.

Scotland voted to stay in the EU by 62% to 38% in the 2016 Brexit referendum, while the UK as a whole voted to Leave.

Some Scottish businesses, particularly the fishing industry, have been critical of the UK’s latest trade agreement with the EU.

It extends existing access for EU boats in British waters for 12 years, in exchange for reduced checks and restrictions on UK food exports.

The Labour government also launched a fund, external to help support fishermen over the 12-year period.

However, the Scottish Fishermen’s Federation has described the deal as “disastrous” and said an offer of £28m for Scottish fishermen from the fund was “close to derisory”.


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