Independent researchers have tracked the fiscal and economic impacts of Brexit since the referendum in 2016. According to analysis by the National Institute of Economic and Social Research, the UK economy was 2.5 per cent smaller in 2023 due to Brexit, and the gap may widen to 5.7 per cent by 2035. That equates to around £69 billion in output and £28 billion in public revenues lost in 2023. For Scotland, that is equivalent to a cut in public revenues of around £2.3 billion in 2023. That economic hole is a stark reminder of the price of Brexit.