Where a no deal Brexit will have the biggest impact

Published on: January 23, 2019 / update from: January 23, 2019 - Author: Konrad Wolfenstein

Over the next fifteen years, the northeast of England could experience a decline in gross value added (BWS) by 10.5 percent if Great Britain gets into a NO Deal Brexit situation. According to the forecasts of the Confederation of British Industry (CBI), the region will be most affected, with the West Midlands and Yorkshire and the Humber in second place. For Northern Ireland, which depends heavily on trade in the EU (74 percent of all exports), a decline is forecast by 9.1 percent. London is likely to be the least affected, but according to the analysis, a decrease of 6 percent would suffer.

Over the next fifthe years, the north East of England Could Experience A Fall of 10.5 Percent in Gross Value Added (GVA) to the economy if the uk ends up in a no deal brexit situation. According to Confederation of British Industry (CBI) Forecasts , The Region Will Be the Worst Affected, with the West Midlands and Yorkshire and the Humber in Joint Second with “Nearly 10 Percent”. Northern Ireland, which is heavy reliant on trade with the EU (74 percent of all exports), is forecast to see a 9.1 percent drop. London is expected to be the Least Affected, but would nevertheless Suffer A 6 Percent Decreate According to the analysis.

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