A health check of Britain’s manufacturers has shown that some of the most economically and socially deprived areas in UK are highly exposed to the impact of a no-deal Brexit.
Exporters are already suffering losses, especially in Wales, north-east England, Yorkshire and Humberside, which have a significant exposure to trade with the EU, according to a report by manufacturing trade body Make UK and business advisory firm BDO.
The East Midlands is also at risk, with manufacturing accounting for almost a fifth of its economy. The EU is its biggest market, accounting for just over half its exports.
According to Make UK, given Wales and the north-east both contain some of the most economically disadvantaged areas of the UK, a hard Brexit is likely to prove especially damaging. The report also warned that the US-China trade war was affecting domestic manufacturing. [...]
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