Scotland’s rest of UK half-trillion bonus revealed

The UK market has delivered a half-trillion pound bonus to businesses here since Scotland rejected the SNP’s independence bid in 2014.

Analysis has revealed companies north of the border sold goods and services to the rest of the UK worth £495 billion between then and 2023.

The value of the UK market dwarfs that of the EU and the rest of the world.

Over that 10-year time frame, official figures show EU exports were worth £151 billion and those beyond the EU totalled £322 billion.

Scotland in Union, the largest pro-UK campaign group, said the sheer scale of the exports underlined the importance of the British marketplace.

It added, had the SNP been successful in breaking up the country, the total value would have been severely jeopardised.

In 2023, the latest year for which figures are available, Scotland exported £55.4 billion to England, Wales and Northern Ireland, the second-highest in a decade.

Alastair Cameron, chair of Scotland in Union, said:

“The value of the single UK market is clear for everyone to see.

“But the SNP and nationalist Greens still want to tear Scotland out the UK, jeopardising jobs, opportunities and businesses in the process.

“The fact Scottish firms have exported goods and services worth half a trillion to the rest of the UK since 2014 is as good an advert for the union as there is.

“It again underlines why the SNP should never again be allowed to take Scots to the brink of separation.”

More details on Scotland’s exports can be seen here.

Since 2014, when Scots voted to remain within the UK, the financial value of exports to the rest of the UK were as follows:

2014 - £48.5 billion

2015 - £48.8 billion

2016 - £45.6 billion

2017 - £50.5 billion

2018 – £48.5 billion

2019 - £46.8 billion

2020 - £43.1 billion

2021 - £49.3 billion

2022 - £58.3 billion

2023 - £55.4 billion

Total - £494.8 billion