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Brexit Three Years On: Scotland Stifled By Stagnant UK Economy

www.scotlandineurope.eu Launched to Inform Debate on Independence in Europe

The SNP has marked the third anniversary of the UK leaving the EU by pointing to severe economic decline across the UK and SNP Westminster Europe and EU Accession Spokesperson Alyn Smith has launched www.scotlandineurope.eu to serve as a one-stop shop for information about independence in Europe.

According to the OECD, the UK economy in the third quarter of 2022 declined by -0.3%, compared to the Eurozone which grew by 0.3%.  France grew by 0.2% and Germany grew by 0.4%. 

With a declining economy, the UK experienced similar inflation levels to the EU (10.5% and 10.4% respectively).

For 2023, the OECD is forecasting a further decline of the UK economy by -0.4%, with the Eurozone growing by a projected 0.5%.

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