The UK Government's approach to a trade deal with the United States poses a significant risk to Scotland's economy, Minister for Trade Ivan McKee has warned. The Scottish Government estimates that loss of friction free-trade with the EU would lower GDP by 6.1% by 2030. By contrast, analysis by the UK Government shows a free trade agreement with the US would only increase UK GDP by up to 0.16%, meaning the deal fails to make up for the loss from the single EU market. Read the full article |