How Might Brexit Affect UK Manufacturing?

Manufacturing is critical to the UK economy, making up over 10% of GDP, a greater share than either financial services or construction, as well as almost half of exports. Perhaps no other sector depends so strongly on frictionless trade, both in terms of the tariff free movement of goods and regulatory alignment. Since the UK voted to leave the EU in June 2016, UK manufacturing hasmade some adjustments, but it’s difficult to see any real effects at this stage. There has certainly been a gr…

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