Worrying Brexit Forecasts

The reaction, at least on Twitter to reported rising manufacturing costs following Brexit is frustrating to the least.

There’s no willingness to accept that actually the advice from the IFS, the IMF and experts before the Brexit referendum may actually have been correct.

If the forecasts have even partial impact, then given the importance of UK manufacturing to the UK economy, cost increase of 10–20% will essentially eliminate UK competitiveness.