CEEMET warns Brexit a ‘lose-lose’ situation for EU manufacturers

Posted on 16 Feb 2016 by Callum Bentley

A British vote in favour of leaving the EU would be a “lose-lose” situation for manufacturers in the UK and across the EU, according to a paper from EU manufacturing association, CEEMET.

The analysis warns that the impact of Brexit could trigger a downward spiral in UK 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…

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