In the period 2016-2018, Government and industry expected serious economic impacts from Brexit on both sectors and regions.
- Five sectors were expected to bear most of the trade costs:
- Financial services
- Automotive
- Agriculture, food and drink
- Consumer goods
- Chemicals and plastics
- Three sectors expected to have the most jobs at risk were:
- Administration and support services
- Wholesale trade
- Legal and accounting services
- Regions expected to be least affected:
- London and South East
- Regions expected to be most at risk:
- Cumbria, Hampshire, Herefordshire
- Gloucestershire, Lancashire, Leicestershire
- East Riding/North Lincolnshire, Warwickshire and Wiltshire
- Regions vulnerable due to high goods exports to the EU:
- Northern Ireland and Cornwall (food, live animals and manufactures)
- Northumberland, Tees Valley and Durham (chemicals, machinery and transport equipment)
- East Wales (manufactures, machinery and transport equipment)
- Crown Dependencies: small impacts expected