Brexit could cost Scottish economy £16bn a year – report

Nicola Sturgeon says updated analysis strengthens case for UK staying in EU single market

Scotland's economy faces losing up to 16bn a year as a result of leaving the EU, according to a Scottish government forecast.

The updated analysis warns that a hard Brexit, in which the UK falls back on World Trade Organisation rules, would cost Scotland up to 12.7bn and cause real household incomes to fall by 9.6%, or 2,263 per head.