Industry association group warns government of no-deal Brexit ‘disaster’

EURIS believes a no-deal Brexit would cause severe damage to the UK manufacturing industry.

The EURIS Taskforce, a body of trade organisations for UK manufacturing, has written to the Prime Minister for the second time to reinforce that no-deal should not be an option in the Brexit debate. 

CESA is a part of the umbrella association representing businesses worth £148bn in turnover. The trade body asserts that a no-deal Brexit would cause severe damage to UK manufacturing and risks huge job losses.

In the letter, the EURIS chair, Dr Howard Porter, refers the Prime Minister to the recent EURIS report ‘Securing a competitive UK manufacturing industry post Brexit’, which outlines why it believes it is important the government avoids a no-deal outcome.

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EURIS analysis, carried out for the report, indicated that a no-deal scenario, placing the UK at the bottom of all global trading leagues under default WTO rules, would be a ‘disaster’ for the industrial product supply sector.

The association, which represents sectors with 1.1m employees, first wrote to the Prime Minister in July 2018 to stress the dangers of a no-deal Brexit in a letter co-signed by over 200 companies including the CEOs of some of Britain’s biggest engineering employers as well as those of some of its most innovative smaller companies. EURIS is now reiterating industry’s concerns about the dangers of a no-deal Brexit.

Individual EURIS members are also writing to their constituency MPs to elevate concerns about a no-deal Brexit.

Porter added: “A no-deal Brexit will result in significant long-term damage to the UK manufacturing sector and will put at risk the industrial product supply sector’s £148bn contribution to the UK economy.

“Of particular concern are the potential costs of regulatory compliance and administration placed on exporters and importers in the UK under a no-deal, which many believe will be too hard to bear for some companies. EURIS is calling on the Prime Minister to support UK industry and secure the future of our contribution to the UK economy by avoiding a no-deal Brexit.”

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One Comment;

  1. Big Ben said:

    Representative groups of big businesses, members of Le Club and vested interests herald the end of the world as we know it post #Brexit. Just like they all said prior to the referendum. Move along…. Nothing new to see here…

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