Published: 26th Feb 2019

Keith Burge, director of the Institute of Economic Development, writes about why his outlook is gloomy for UK manufacturing regions post-Brexit. One month until Brexit. It could be the title of a blues song, which given how much it is depressing me would be entirely appropriate right now. Analysis conducted by the Centre for European Reform (CER) up until June 2018 revealed Brexit was costing the public purse £500m a week. More recent estimates put that figure even higher. According to the CER, the UK economy was already 2.5% smaller than it would have been if the UK had chosen to remain in the EU. What about going forward? Over a 15-year period the UK economy ought to grow by around 25%, based on a pretty modest projection. However, were the UK to rely on World Trade Organisation (WTO) rules as a basis for trade, this would reduce to 17.3% … (To read the full article, subscribe below)