Engineering Brexit - British industry must fight to "remain", Roland Berger
"With a trade deficit of GBP 34 bn, the UK can ill afford to jeopardize this revenue. 45% of UK exports head to the EU, while less than 10% of EU exports go to the UK, odds which would hardly seem to put the island nation in a good negotiating position," commented Tim Longstaff, Partner at Roland Berger.
The engineering and manufacturing focus of exports also leads to regional disparities: Scotland, Northern Ireland, Wales and the North of England are the UK's only net exporters of goods. As exporters will be disproportionately hit, the Roland Berger experts note that Brexit could be a catalyst for the break-up of the United Kingdom.