With 16 days until Brexit, the UK Government is still keeping no-deal on the table, despite the UK Government’s own evidence saying it would be the worst possible option for public services, jobs and living standards.
The Prime Minister may be the first in history threatening to deliberately plunge the UK’s economy into recession – we cannot, and will not, allow it.
No-deal would have a severe impact on the Scottish economy
A no-deal Brexit would see Scotland’s GDP shrink by up to 7% and reduce real disposable income by almost 10%. Economic slowdown caused by a no-deal would be expected to increase the unemployment rate to up to 8%, potentially causing 100,000 Scottish jobs to be slashed.
🏴 A ‘No Deal’ Brexit could mean:
📉 7% drop in GDP
📦 10-20% drop in Scottish exports
🇪🇺 Net migration turns negative
👩🏭 Unemployment rising by 100,000
💷 Recession in 2019
— The SNP (@theSNP) February 21, 2019
Holidays will become even more expensive and complicated
The fall in the value of the pound has made the cost of European holidays more expensive and, outside of the EU, we may need to pay additional charges for going on holiday too. The UK government has also confirmed that booking accommodation and flights could become more expensive, due to the return of the ‘rip-off’ booking fees.
What’s more, UK passport holders with less than six months validity on their documents will be barred from entering Schengen area countries, such as Spain, Portugal or Greece. 26 Schengen countries require at least six months validity on passports.
BREAKING: Higher costs to book a Ryanair flight and hire an Airbnb in a no-deal Brexit – with no guarantee for financial services and exporters of organic food, government papers admit https://t.co/04O8rPoFWe
— Paris Gourtsoyannis (@thistlejohn) August 23, 2018
Medicines are being stockpiled
Any disruption to medical supply exports, cause by the chaos of tariffs, border checks and regulatory issues, could delay NHS patients from accessing treatments and pose serious risks.
Health Secretary, Matt Hancock, confirmed that the UK Government told drug companies and the NHS to stockpile six weeks’ worth of medical supplies to ensure there would be no immediate medical shortages.
What’s more, he admitted the cost of securing storage for stockpiling medicines would amount to tens of millions of pounds.
— Nick Eardley (@nickeardleybbc) July 24, 2018
People living in the EU could lose access to UK bank accounts
Alongside more expensive credit card payments when buying EU products, UK citizens living abroad could also lose access to their bank accounts and face slower processing times.
Britons in EU could lose access to UK bank accounts under no-deal Brexit https://t.co/DFDVgVrOYU
— The Guardian (@guardian) August 23, 2018
UK citizens living in the EU could lose access to pensions income
The UK government confirmed that leaving the Single Market without a deal would see the UK labelled a “third country”. That could see people who have lived and work in the EU lose access to their pensions, if they had paid into European pensions schemes.
— Mirror Politics (@MirrorPolitics) August 23, 2018
More red tape and bureaucracy for businesses
With a no-deal outcome, the UK government is encouraging businesses to employ experts to help them navigate the EU’s customs rules for “third countries”.
This will put an extra burden on businesses and increase costs for importing and exporting.
What’s more, businesses would have to register for a number of schemes and classifications, to enable them to register as importers and to be able to declare customs.
1) Britian would be more bureaucratic. The papers are replete with new regulatory regimes, doubling up of registration and extra processes for British business and consumers. This for example would be the new hurdles for UK importers/exporters to the EU. Currently there are none. pic.twitter.com/wFyAA5L2CW
— Lewis Goodall (@lewis_goodall) August 23, 2018