Brexit Increases UK's Energy Costs, Scottish Government Calls for Cooperation

As the UK approaches the fifth anniversary of Brexit, various reports highlight the significant challenges and costs that have emerged since leaving the EU. A recent analysis indicates that Brexit has led to a 15% long-term trade hit, with the economy facing an estimated £100 billion in lost output annually. Concerns about energy security have also intensified, particularly in light of rising wholesale gas prices due to geopolitical tensions. The Scottish Government is advocating for closer cooperation with the EU to mitigate rising energy costs, suggesting that without such collaboration, the UK could face additional expenses of up to £10 billion in 2024-25. Meanwhile, a report from Energy UK emphasizes the need for tailored support for businesses transitioning to clean energy, citing high electricity costs as a major barrier to decarbonization. These discussions reflect a broader sentiment that Brexit has not delivered the promised economic benefits, leading to increased skepticism among the British public regarding its overall impact.