Blog: New report reveals cost of Brexit on Renfrewshire economy | The Gazette – TheGazette.co.uk

Brexit has cost the Renfrewshire economy more than £70million in “lost exports,” a new report suggests.

Latest figures released by HM Revenue & Customs (HMRC) show that, across Scotland, the value of exports has plummeted by 13%, from £16.7billion to £14.5bn, since the UK left the European Union almost two years ago.

Renfrewshire South MSP Tom Arthur said this £2.2bn loss is equivalent to Renfrewshire losing £72.2m.

He told The Gazette: “Brexit has been an unmitigated disaster for every area of Scotland, including Renfrewshire.

“These latest figures show why it is essential for Scotland to become independent and rejoin the European Union. Only with independence can we get back on the road towards prosperity, as both Labour and the Tories offer no way back to the European Union, just continuing decline under Westminster control.

“Industries in Renfrewshire and across Scotland are suffering as a result of the disastrous Brexit. The only way Scotland can flourish and realise our full potential is by becoming an independent country in the European Union.”

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