EURIS writes to the Conservative leadership to highlight dangers of a no-deal Brexit

25 Jul 2019

The EURIS Taskforce, (of which BFPA is a member), is a body of trade organisations representing UK manufacturing worth £148 billion in turnover and with 1.1 million employees. We have written to the Conservative leadership to highlight that no-deal should not be an option in the Brexit debate. Whether or not Boris Johnson will listen to such an appeal is subject to some doubt!

Pundits from all political and apolitical factions are agreed that a no-deal Brexit would cause severe damage to UK manufacturing and risks huge job losses as the impact on trade will be too hard to bear for many companies.

In our letter, the EURIS Chair, Dr Howard Porter, refers the leadership to the recent EURIS report ‘Securing a competitive UK manufacturing industry post Brexit’, which clearly outlines why it is so important that Government avoids a no-deal outcome. EURIS analysis, carried out for the report, shows that a no-deal scenario, placing the UK at the bottom of all global trading leagues under default WTO rules, would be a disaster for the industrial product supply sector.

Dr Howard Porter, EURIS Chair said: “A no-deal Brexit will result in significant long-term damage to the UK manufacturing sector and will put at risk the industrial product supply sector’s £148 billion contribution to the UK economy. Of particular concern are the potential costs of regulatory compliance and administration placed on exporters and importers in the UK under a no-deal, which many believe will be too hard to bear for some companies. EURIS is calling upon the Conservative leadership to support UK industry and secure the future of our contribution to the UK economy by avoiding a no-deal Brexit.”