Manufacturers to be hit hardest by no-deal Brexit

Hamburg, Germany: The UK’s manufacturing industry is likely to be hit hardest under a no del Brexit that looks increasingly likely warns statistics company, Statista.

A no-deal Brexit would have far-reaching economic consequences for the UK. According to exclusive analyses carried out by Statista, the manufactured goods industry would be hit the hardest by a chaotic Brexit.

The reports says that he gross value of the industry would decrease by 12% over the next 15 years. The agriculture and foods industry would experience a loss of 11%, the financial services industry would decrease by 9% and the services industry by 8%.

In case of a no-deal scenario, the highest tariffs are likely to be imposed on agriculture and foods – they are expected to amount to almost 20%,Statista says.

Statista is one of the biggest statistics portals in the world, It has further information on Brexit into the 42 UK Industry Reports. For more details see: https://www.statista.com/
 

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