Brighton & Hove economy stable post Brexit says latest UK Powerhouse report
The latest report from thinktank UK Powerhouse takes a unique look across the UK, analysing closely the nuances and varying impacts of Brexit across the UK’s diverse regions - as well as the opportunities available to them as they adapt.
Brighton and Hove currently sits at 12 in the UK rankings for growth, beating Manchester, Edinburgh and even London. Post Brexit, the report outlines some big winners and losers, but Brighton & Hove remains unchanged and still comfortably in the top 20. To find our more, click here.
Key Findings
In Q2 2019, Cambridge will top the Powerhouse table for GVA growth.
Farming and agribusiness in the UK will lose significant subsidies from the EU’s Common Agricultural Policy, with particular impact in the South of England, Northern Ireland and Wales.
Foreign Direct Investment to the UK may be reduced in the short term.
The services sector can adapt to Brexit quickly, if it makes use of its global links outside of the EU.
After Brexit, Manchester and Leeds will provide opportunities for growth in the knowledge-intensive business services sector.
In the event of an even more devalued pound, cities such as London could see more visits from tourists.
