UK industry leaders have called on the incoming prime minister to reset Britain’s trading relationships with the European Union, which remains the dominant market for British manufacturing exports.
In a report published on July 18, Make UK, a business group which represents British manufacturers, and business advisory firm BDO, said that the European market remains the overwhelmingly favoured destination for the UK’s manufacturing sector, with half of British manufacturing exports going to the EU last year.
The report also revealed that regions which voted for Brexit, including Wales, the northeast, and the East Midlands, have increased their dependence on the EU for manufacturing exports….