Brexit could be a lose-lose situation, say European manufacturers

Subscribe to Campaigning blog feeds

Published

A vote against the UK’s membership of the EU would represent a lose-lose situation for manufacturers in the UK and across the EU, according to a report by the EU manufacturing association, CEEMET. CEEMET has set out the potential implications of Brexit and highlighted analysis which warns that Brexit could trigger a downward spiral in UK GDP growth for industry, with the worst affected companies being medium-sized manufacturers in complex global supply chains.

The research, by Professor of economics Frédéric Gonand, of the University of Paris-Dauphine, commissioned by French employers’ group UIMM, is based on a detailed analysis of trends in manufacturing in the last two decades. It is a conservative estimate of the impact on British companies.

CEEMET Director General Uwe Combüchen, who represents more than 200,000 manufacturers across Europe, said: “The analysis confirms our concern about the implications of Brexit not just for Britain, but other countries in the EU. We think manufacturers in the UK and across Europe will be better served by the UK remaining a member of the EU.” CEEMET reiterates the call for an EU grounded in the principles of Better Regulation, enabling growth, promoting trade and the concept of ‘Europe where necessary, national where possible’.

 

Author

This person has now left EEF. Please contact us on 0808 168 1874 or email us at enquiries@eef.org.uk if you have any questions.

Other articles from this author >
BigData The 4th industrial revolution

Manufacturing is undergoing a transformation that will see greater emphasis on developing new and existing skills to boost productivity for the future

Read more>
campaigning-achievements Discover what we have achieved for UK Manufacturers

Find out how we have actively influenced existing and impending government policy to benefit UK Manufacturing

Read more >
intelligencebriefingspotlight EEF Westminster Weekly

Sign up to receive the EEF Westminster Weekly - our regular round up of campaigning activities

Read more >
Online payments are not supported by your browser. Please choose an alternative browser or make payments through the 'Other payment options' on step 3.