Commenting on the regional breakdown of Government’s Brexit impact assessments, Senior Research Fellow at IPPR North Luke Raikes said:
“This impact analysis appears to confirm that the North is at greater risk from Brexit than London, as many had feared. The North’s supply chains in goods and services are more closely integrated with the EU. This means that adjusting to Brexit will be extremely challenging.
“Government should publish the detail of these impact assessments urgently, so that businesses in the North may prepare.
“Northern businesses do have the ability to adapt, but they may need government support. The UK government must learn from previous economic shocks and from other advanced economies. They must let regions take on more power and funding over industrial strategy so that they can mobilise the people and funds to weather the challenge ahead.”
