Can UK producers win local market share post-Brexit?

In recent articles, we have been examining the impact that a “Brexit” might have on different metals, including primary ones such as aluminium as well as secondary ones such as ferrous scrap. The conclusions, understandably, have been that the impact on the wider regional and, where applicable, global markets will be negligible, simply because the UK metals industries are so small.


In recent articles, we have been examining the impact that a “Brexit” might have on different metals, including primary ones such as aluminium as well as secondary ones such as ferrous scrap. The conclusions, understandably, have been that the impact on the wider regional and, where applicable, global markets will be negligible, simply because the UK metals industries are so small. On the UK itself, however, the impact seems more mixed and views more polarized. From a demand perspective independent economists, such as Oxford Economics, suggest that outside the single market, developments could be particularly challenging for the UK’s growing automotive production industry, which relies heavily on trade within the EU. By 2020 they still anticipate there will be more assemblies (more units) in the UK than last year but prior to the decision to break ties, they had foreseen a far higher output over 2m units, roughly 30% higher...

Published

Alistair Ramsay

July 24, 2016

00:00 GMT