The risks of Scotland crashing out of the EU without the UK government securing a deal have been revealed in a damning report, warns Irvine’s MSP.

Figures from the London School of Economics show that every single part of Scotland, and of the UK as a whole, will be adversely affected even in the event of a soft Brexit with single market membership maintained – however the impact of dropping off a hard Brexit cliff edge would be significantly worse.

Regional detail shows that North Ayrshire would lose three per cent in value of its goods and services (GVA) under a soft Brexit scenario (equivalent to £300 million) or five per cent (£500 million) with a hard Brexit no-deal.

The report concludes that over a five-year period Scotland will lose out on over £17 billion with a soft Brexit situation, but by a devastating £29.4 billion if no provisions are made to halt a hard Brexit outcome.

The SNP is demanding that the UK government must now publish its own analysis into the impact of Brexit on Scotland.

Cunninghame South MSP Ruth Maguire said: “If people were in any doubt about the costs of Brexit, this report makes it perfectly clear – Scotland will pay a heavy price for being dragged out of the European single market against our will.

“But while all Scottish regions, including North Ayrshire, are set to suffer, this could be twice as bad if a reckless Tory government plays fast and loose with Scotland’s economy and heads for the EU exit door without securing a deal on the single market.

“Businesses in Cunninghame South and across Scotland deserve the truth.”