The impact of London on UK will reduce the Brexit 's north-south economic divide over the coming three years , according to a report by the accountancy firm EY. Mark Gregory, the EY’s chief economist, said significant imbalances remained in the UK economy, despite the forecasts for the north-south divide to narrow. 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.
The impact of London on UK will reduce the Brexit 's north-south economic divide over the coming 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.