In the Case of No-Deal-Brexit Manufactured Goods Hardest Hit

Einschneidendes Erlebnis: Der Brexit könnte vor allem die Medizintechnik-Brnache schwer treffen.

A No-Deal-Brexit would hit the "Manufactured Goods" sector hardest. At least that's what Statista's UK analyses say.

On 24 May, Theresa May announced her resignation after almost two years as British Prime Minister. This step suddenly increased the probability of an unregulated Brexit. Following the current political events, Statista now extended all industry reports of the United Kingdom to include exclusive Brexit analyses.

Almost three years ago, 52 percent of all voters voted for the United Kingdom's withdrawal from the European Union. This reached a temporary climax after the tough renegotiations between David Cameron and the EU on the relationship between the two parties. According to the statutes of the European Union, the Brexit should have been implemented two years after its official application in March of this year, but it did not.

After a total of three attempts to have the withdrawal agreement ratified by the House of Commons, failed negotiations with the Labour Party and disagreements within her party, Theresa May announced her resignation as Prime Minister and leader of the Conservative Party. This increases the risk of a disorderly Brexit: Many supporters of a No-Deal-Brexit are considered as successor candidates, among them the former Foreign Minister Boris Johnson, who is seen as the favourite.

A disorderly withdrawal of the United Kingdom would have far-reaching economic consequences on the island. Analyses by Statista show that the manufactured goods sector would be hit hardest by a chaotic brexite: The industry's gross value would fall by twelve percent over the next 15 years. The Agriculture & Foods sector would suffer an eleven percent loss, Financial Services would lose nine percentage points and Services would decline by eight percent. Furthermore, in a no deal scenario, the highest tariffs would probably be levied on "Agriculture & Foods" - just under 20 percent is expected.

This and other information on Brexit has now been integrated into the industry reports for the United Kingdom. The total of 42 sector reports, including those on telecommunications, insurance and tourism, represent a high-quality preparation of all sector-relevant data and forecasts, including key figures from the areas of finance, companies, employees and R&D. The reports are available in German only. Apart from the more than 40 KPIs available, the reports also contain strategic planning instruments such as SWOT analyses.