"Several parts of Britain that voted to leave the European Union are among the most vulnerable to the economic impact of Brexit, according to new research published as the government prepares to trigger article 50.
Researchers at the thinktank Demos studied regional differences in the reliance on exports to the EU, use of European workers and receipt of support grants. It found that Wales, the north-east and east Midlands all showed relatively heavy dependence despite being home to a preponderance of leave voters.
The government hopes to soften the impact of leaving the single market by striking a new free trade agreement, but with EU negotiators insisting that Britain first settle the terms of its divorce settlement, there are growing fears that it will instead crash out of the union without a deal.
In this scenario, exporters would be forced to rely on World Trade Organisation (WTO) terms, which include punitive tariffs for many agricultural products and manufactured goods such as cars. The three regions that rely most on European markets are Wales, which sends 67% of its exports to the EU, the north-east at 62%, and Yorkshire and Humberside at 55%."
https://www.theguardian.com/politics...it-study-finds
DOOMED!
Researchers at the thinktank Demos studied regional differences in the reliance on exports to the EU, use of European workers and receipt of support grants. It found that Wales, the north-east and east Midlands all showed relatively heavy dependence despite being home to a preponderance of leave voters.
The government hopes to soften the impact of leaving the single market by striking a new free trade agreement, but with EU negotiators insisting that Britain first settle the terms of its divorce settlement, there are growing fears that it will instead crash out of the union without a deal.
In this scenario, exporters would be forced to rely on World Trade Organisation (WTO) terms, which include punitive tariffs for many agricultural products and manufactured goods such as cars. The three regions that rely most on European markets are Wales, which sends 67% of its exports to the EU, the north-east at 62%, and Yorkshire and Humberside at 55%."
https://www.theguardian.com/politics...it-study-finds
DOOMED!
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