Which Sectors Will Struggle Most Post-Brexit and Why?

▤ Summary

We know remaining in the customs union would work favourably for industries trading in goods, but it wouldn’t mitigate the potential impact on the financial services sector.The effect of Brexit on supply chains, staffing and recruitment, and the potential exodus of foreign businesses with operations in the UK are particularly worrying, as is the weakness of the pound.A report by Reuters determines “The EU is unlikely to turn off the tap to UK financial services after 2020 as it needs to build up its own capital market after decades of City dominance.”John Neill, chief executive of Unipart wrote earlier this year that he fears hard-line Brexiteers are in danger of destroying the British car industry.The UK’s chemical industry could be hard hit by leaving the EU customs union, with non-tariff barriers to trade being cited as a particular problem.

▦ Linked Companies

Planday

$1M to $5M