Our UK Powerhouse campaign tracks regional economic growth across the UK and offers expert policy recommendations for the future.
The latest report, produced with the Centre for Economics and Business Research (Cebr), looks at how Brexit could disrupt the UK economy and its industries.
Regardless of the terms on which the UK leaves the EU, we will see changes in the short term. Our report looks at 18 key sectors across the UK and the changes they’ll see after Brexit.
View our latest Powerhouse report online for valuable insight into how Brexit could affect your industry, and what economic growth looked like in Q2 2019.
Cebr identified three key areas where UK industries could see changes after Brexit. These are:
- Restrictions on free movement of labour will see fewer non-UK EU citizens working in each sector
- UK businesses could be subject to tariffs on exports to the EU
- Foreign Direct Investment (FDI) from the EU could significantly decrease once the UK leaves the EU.
The manufacturing sector will see the highest level of disruption from Brexit. This sector relies heavily on exports to the EU and a significant amount of FDI from the EU. It’s expected to contract by 0.8% in 2020, following a fall of 0.5% this year.
Learn more about how our solicitors can help you with Brexit related issues.