SNP must not jeopardise Scotland’s £50bn UK market

SNP must not jeopardise Scotland’s £50bn UK market

SNP must not jeopardise Scotland’s £50bn UK market

Scotland’s exports to the rest of the UK totalled almost £50 billion in 2017, reinforcing its position as the country’s most important market.

Official trade figures today revealed 60 per cent of Scotland’s business is done with England, Wales and Northern Ireland.

That’s more than three times the value of the EU, with the £48.9 billion exported in these islands in 2017 a 4.6 per cent increase on the previous year.

And despite warnings of Brexit uncertainty, Scotland’s firms were also able to increase deals with other European counties, rising by £1.7 billion.

The USA continues to be Scotland’s single biggest other trading country, worth an estimated £5.5 billion.

Today’s statistics also show the SNP has missed its own economic targets on trade by a significant margin.

The nationalists stated they would increase exports by 50 per cent between 2010 and 2017.

However, current data shows this goal is still around £22 billion short in relation to the 2010 position.

Scottish Conservative Shadow Cabinet Secretary for the Economy Dean Lockhart MSP said: 

''These figures show that yet again Scotland's most important market is that of the rest of the UK.

''Exports to the UK significantly eclipse every other market, safeguarding thousands of jobs and ensuring money is flowing into Scotland.

''Despite this, the SNP puts all this at risk by advocating independence.

''The nationalists' irresponsible and self-serving obsession with ripping Scotland out of the UK single market is utterly reckless and could put the livlihoods of hundreds of thousands of Scots on the line.

''These figures show that Scotland's businesses deserve a major pat on the back.

''Despite the gloom and doom from the SNP, and relentless increases in taxation, they've continued to work hard and get results.

''These positive figures are despite the SNP, not because of it.''