Brexit would help UK manufacturing survive in a global market
by Gerard Lyons from on (#1H55M)
The challenge posed by low-cost producers such as China will continue, whatever the EU referendum outcome
Manufacturing matters and Brexit can help. Although a service sector economy, UK manufacturing is vital in achieving balanced and regional growth and reducing the large trade deficit.
Strong global influences are challenging manufacturing, not least low-cost producers led by China. These will continue, whatever the referendum outcome. But Brexit provides greater flexibility to cope and position for the future.
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