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Is any Brexit outcome a no-win for manufacturers?

Whatever “outcome” Brexit delivers in March 2019 it will undoubtedly have a huge impact on manufacturing supply chains in the UK. Manufacturing accounts for about ten per cent of the UK’s GDP, and 44 per cent of the UK’s exports. There is still no clarity about whether a negotiated deal is possible. If there is “no deal” it would mean that trade would begin to be governed by World Trade Organisation rules, where tariffs and customs checks will apply. Manufacturers in the automotive and pharmaceutical industries are understandably very concerned and have already taken certain steps to mitigate potential risks. Here we look at the possible scenarios and how they might impact the manufacturing industry:

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