Hard Brexit would damage 'almost every sector' of UK economy

Wealth-creating sectors and manufacturing would be hit most significantly by leaving single market, a cross-party study warns

Leaving the single market would be damaging to almost every sector of the British economy, from manufacturing and energy to retail and financial services, according to a report commissioned by an alliance of Conservative, Labour and Liberal Democrat politicians trying to stop a hard Brexit.

The study by the Centre for Economics and Business Research found that every major wealth-creating sector would be affected negatively, with manufacturing hit if there were tariff barriers to EU trade and the creative industries suffering a "body blow" if there were strict controls on immigration.

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