Independence could cost Scotland's economy £11bn a year, forecast suggests

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Economists say impact of leaving UK’s common market would hit two to three times as hard as leaving EU

Scotland’s economy would shrink by at least £11bn a year if it became independent, more than doubling the damaging impacts of Brexit, a team of economists has forecast.

The report from the London School of Economics and City University of Hong Kong found that quitting the UK’s common market would hit the Scottish economy two to three times as hard as leaving the EU, just counting the impact on trade alone.

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