Independence from the UK would cost Scotland’s economy two to three times as much in lost trade than Brexit will, according to the London School of Economics (LSE).
The report from a team of academics at the LSE’s Centre for Economic Performance also argued that Scotland rejoining the EU would make little difference.
The study comes as the Scottish National Party (SNP) said it would push ahead with a referendum if it wins a majority at the Scottish Parliament at the election scheduled for 6 May.
The research will step up the pressure on the SNP to set out a case for separation that takes account of the UK’s departure from the EU.
The LSE report stated that Brexit will cut Scotland’s long-term per capita income by 2%, but independence would cut income by a further 4.5 to 6.7%, even if an independent Scotland stayed in a ‘common market’ with