The impact of Brexit on London will reduce the UK's north-south economic divide over the next three years, according to a report by the accountancy firm EY. A new study from EY shows that London's economy is likely to be more integrated with its neighbours in Europe and beyond than it was before Brexit. The report says that the services sector will be most affected by the decision to leave, while a stronger manufacturing industry elsewhere in the country will help to reduce the gap.
The impact of Brexit on London will reduce the UK's north-south economic divide over the next three years, according to a report by the accountancy firm EY. While the study argues that nearly every region of the UK will be adversely affected by leaving the EU, it states that the disproportionately severe impact on London will prevent it from outgrowing the rest of the country at its existing pace. The report says that the services sector will be most affected by the decision to leave, while a stronger manufacturing industry elsewhere in the country will help to reduce the gap.