The impact of leaving 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 . The gap with the rest of the country was, however, expected to be smaller, as areas such as the north-east of England and Yorkshire and Humberside where manufacturing forms a larger part of the local economy perform more strongly. 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 sector elsewhere in the country will help to reduce the gap .
The impact of leaving 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 sector elsewhere in the country will help to reduce the gap .