Published: 10th Oct 2019

‘No-Deal’ Brexit will damage the economy irrevocably and widen regional imbalances, writes Nigel Wilcock, Executive Director of the Institute of Economic Development. I have arrived at a clear view that a ‘No Deal’ Brexit would create an economic emergency – one that will impact economic development and regeneration professionals working for local and regional communities. It is considered likely that the impact of all of the factors outlined below will have a sufficiently detrimental effect – that any potential long-term upside (argued by some) will struggle to overcome the poor compound growth rate of a short-medium term slowdown. In other words, even the optimistic long-term view of hardliners will fail to address the short-term harm created for a generation. This is not ‘project fear’ and the IED is absolutely non-political. So why do I take this stance on ‘No Deal’? These are the facts, as I see them: Immediate disruption … (To read the full article, subscribe below)