Study: vulnerable UK regions would be most exposed to no-deal Brexit woes
Britain’s manufacturers health check revealed that some of the most economically and socially deprived areas in the UK are highly exposed to the impact of a no-deal Brexit.
North-east England, Wales, Yorkshire, and Humberside are suffering export losses recently, which have significant exposure to trade with the European Union, according to the report by business advisory firm BDO and manufacturing trade body Make UK.
The East Midland is also vulnerable as its manufacturing production is twenty percent of its economy. Make UK said that given Wales and the north-east both contain some of the most economically disadvantaged areas of the UK, a no-deal Brexit would cause potential big damages to its economy.
“Although Brexit stockpiling put manufacturing on steroids for a little while, the industry has since gone almost cold turkey and the overall picture over the last year now shows Brexit, global trade wars and economic downturn in major markets are menacing UK manufacturers.”