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Manufacturing false hopes: why Brexit will hit the makers

In the wake of the referendum, Leavers have been too quick to celebrate manufacturing’s better-than-expected performance

By Paul Wallace  

Despite Britain’s lacklustre economic performance since the referendum one bright spot in the economy has been manufacturing. But hopes that Brexit might rebalance the economy away from finance and towards industry are as likely to be dashed as George Osborne’s rhetorical ambition in his 2011 budget of “a Britain carried aloft by the march of the makers.” The revival of manufacturing since the referendum owes much to a resurgent European economy, highlighting the risks to industrial firms once Brexit throws sand in the cogs of trade with Britain’s main trading partner.

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