New report shows manufacturing and high-tech industries in North West are highly exposed to Brexit shock

A new report from the UK Trade Policy Observatory shows that manufacturing in the North West could be devastated by a hard Brexit or a no-deal Brexit, with Copeland in Cumbria the most exposed area of the country. 

The report states that “Copeland is predicted to be the most negatively impacted area with more than 10,000 jobs lost for every 100,000 economically active residents” in the case of a no deal Brexit, but other areas in the North West with manufacturing industries would also be hit hard, such as Fylde and the Ribble Valley. Areas of the North West with high-tech sectors such as Cheshire East would also be vulnerable to Brexit shocks.

 

Commenting, Tim Farron, MP for Westmoreland and Lonsdale and leading supporter of Open Britain, said:

“The Government’s ongoing failure to negotiate a deal with our European partners risks decimating vital manufacturing and high-tech industries in the North West.

“These industries are the backbone of the economy in the North West, such as nuclear processing in Cumbria and aircraft manufacturing in Fylde. If these highly-skilled sectors disappear, they won’t be coming back.

“No-one voted in the referendum to destroy manufacturing in the North West, or to make themselves worse-off. If the price of crashing out of the EU without a deal is the loss of jobs and industries like these, everyone is entitled to keep an open mind about whether it’s the right path for the country.” 

/ends



Notes to editors:

The full UK Trade Policy Observatory report can be read here.