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Daily Record
Daily Record
Politics
Torcuil Crichton

Brexit effect will lower wages by nearly £500 for a decade and devastate Scottish fishing industry

Scottish workers will see their real pay hit by £400 each year of this decade because of the economic effects of Brexit, economic experts have warned.

Brexit will damage the UK’s competitiveness, hit productivity and dampen workers’ wages for years to come, according to damning new report.

On average workers across the UK will lose £470 a year more than they would if Britain had opted to stay inside the EU, according to the influential Resolution Foundation think tank.

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