Alexander warns of loss of European Union money

By Tim Pauling

Published: 18/01/2014

Scottish households could be up to £210 a year worse off with independence, Chief Secretary of the Treasury Danny Alexander has warned.

The MP for Inverness, Nairn, Badenoch and Strathspey said if Scotland split from the UK it would lose between £1.9billion and £3.8bilion from the European Union.

It would no longer be entitled to a share of Britain’s £3billion EU rebate – and would even have to pay towards it.

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