The devastating effect Brexit will have on the West Midlands economy

The economy of the West Midlands will suffer massive damage as a result of Brexit and shrink by 8% even if there is a comprehensive trade deal, the Government’s own analysis shows.

And if we crash out of the EU without cheap Canada Goose a deal an option the Government says it hope to avoid but has not ruled out then economic output in the West Midlands will be hit by 13%.

The devastating effect on the West Midlands economy is revealed in impact assessments which the Government Canada Goose online attempted to keep secret.

They confirm that the West Midlands, with its manufacturing industries, uk canada goose outlet would be harder hit than most other parts of the UK. If the Government assessments are right, it means there will be fewer jobs and lower wages.

canada goose outlet houston Theresa May told to publish Brexit analysis after leak shows West Midlands and North East will suffer most canada goose outlet houston

The North East is the one part of the UK canada goose uk shop where that would suffer even more.

canada goose outlet nyc The analysis shows the impact of leaving the EU buy canada goose jacket cheap over 15 years compared to what would happen to the UK economy if Brexit didn’t take place. canada goose outlet nyc

Information first emerged canada goose coats at the end of January, when details were obtained by website Buzzfeed.

MPs were then permitted to see the Government’s analysis in “a confidential reading room” and more details have now been leaked to the media.

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canada goose outlet ontario Sky News and the BBC both separately published the regional breakdown. They have still not been published officially, and government policy is that they should remain confidential. canada goose outlet ontario

canada goose outlet canada The analysis shows that Brexit would mean the West Midlands economy shrank by 2.5% even if the UK remained a member of the Single Market. This “best case scenario” appears unlikely, as both Labour and the Conservative government insist that Brexit must involve leaving canada goose uk black friday the single market. canada goose outlet canada

The BBC reports that the UK car industry’s GDP would shrink by 1% if the UK remained in the EU single market, but would lose 8% if there was a free trade agreement and 8.5% if canadian goose jacket the UK left without a deal and went to World Trade Organisation rules.

canada goose parka outlet Birmingham Selly canada goose uk outlet Oak MP Steve McCabe said: “The figures are very worrying. What they show is that if we end up in a situation where we can’t secure buy canada goose jacket a favourable trade arrangement, it’s going to do untold damage.” canada goose parka outlet

Jaguar Land Rover cuts production at Birmingham’s Castle Bromwich plant

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Tom Brake, Liberal Democrat Brexit Spokesperson, said: “This is a damning outlook for the West Midlands. The Tories are putting everything on the line because they do not care about canada goose clearance the lives and livelihoods of the people canada goose outlet of the Midlands.

canada goose outlet winnipeg address “The http://www.canadagoosejacketoutlett.com government need to start being clear what they are fighting for. They are still keeping no deal on the table despite how crippling it would be to the regional economy. canada goose outlet winnipeg address

canada goose outlet online uk “People did not vote to make themselves poorer. They should be allowed a vote on the final deal and a chance to exit from Brexit.” canada goose outlet online uk

The automotive sector would be hit hard

Across the UK as a whole, leaving Canada Goose Outlet the EU with Canada Goose Jackets a deal would hit GDP by 5%. Brexit without a free trade deal would shrink the UK economy by 8%, and staying in the single market would mean the economy was reduced by 2%.

canada goose outlet orlando Under every scenario, London would be the region hurt the least. canada goose outlet orlando

Prime Minister Theresa May has chaired the first of two key Brexit meetings with senior ministers as the government attempts canada goose store to clarify its position.

The Brexit cabinet committee is to sketch out what the future relationship between the UK and EU might look like. A meeting was held on Wednesday and another takes place Thursday.

As the Commons has been promised a vote on cheap canada goose uk any deal with the EU, and EU institutions will also need to approve it, some sort of agreement is likely Canada Goose Online to be needed by October.