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Aberdeen - the city hardest hit by the Brexit

28 july 2017 - Fx4News
Aberdeen - the city hardest hit by the Brexit

Brexit negative impact on Scottish oil capital Aberdeen, the city will suffer most of all British cities. London is also strongly affected by Brexit and faced with falling economic output by 2.6% in the medium term, according to experts at the London School of Economics.

 

 

Analysts production in cities in the UK, the so-called gross value added, an average decrease of 2.3%, provided the hard Brexit, in which the United Kingdom will trade with the European Union rules and tariffs of the World Trade Organization. 

"It is expected that each local administrative area would be adversely affected, but the city could be affected more strongly than non-urban areas", - wrote the researchers. 

"It is expected that the impact will be more negative at Brexit hard for each local authority, as an increase in trade costs will be enormous." 

Researchers have warned that the impact is likely to be worse than projected, because the study considers only the increase in trading costs and does not simulate the changes in innovation, foreign investment and immigration. 

According to researchers at Aberdeen - the most vulnerable city, regardless of whether Brexit hard or soft, is forecast to fall in output of 3.7% or 2.1% (in two scenarios). 

London was the seventh largest of the 62 most vulnerable cities and towns, a situation which has been considered by the rigid script, which may reduce the volume of production by 2.6%. According to the scenario of a soft London took 21 th place in the ranking, as in this case, its economic output fell by 1.3%. Crowley and Barnsley were the least affected cities in both scenarios. Aberdeen - the most vulnerable city, regardless of whether Brexit hard or soft, is forecast to fall in output of 3.7% or 2.1% (in two scenarios). London was the seventh largest of the 62 most vulnerable cities and towns, a situation which has been considered by the rigid script, which may reduce the volume of production by 2.6%. According to the scenario of a soft London took 21 th place in the ranking, as in this case, its economic output fell by 1.3%. Crowley and Barnsley were the least affected cities in both scenarios. Aberdeen - the most vulnerable city, regardless of whether Brexit hard or soft, is forecast to fall in output of 3.7% or 2.1% (in two scenarios). London was the seventh largest of the 62 most vulnerable cities and towns, a situation which has been considered by the rigid script, which may reduce the volume of production by 2.6%. According to the scenario of a soft London took 21 th place in the ranking, as in this case, its economic output fell by 1.3%. Crowley and Barnsley were the least affected cities in both scenarios. situation in which was examined by Hard scenario, which can reduce production by 2.6%. According to the scenario of a soft London took 21 th place in the ranking, as in this case, its economic output fell by 1.3%. Crowley and Barnsley were the least affected cities in both scenarios. situation in which was examined by Hard scenario, which can reduce production by 2.6%. According to the scenario of a soft London took 21 th place in the ranking, as in this case, its economic output fell by 1.3%. Crowley and Barnsley were the least affected cities in both scenarios.

 

 

Based on materials WELTRADE

 

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