No-deal Brexit could cost family-owned insulation manufacturer up to £85,000 per year
Family owned insulation manufacturer, SuperFOIL Insulation estimates that a no-deal Brexit could cost it £45,000 to £85,000+ per year.
SuperFOIL’s estimate is based on a report published by HM Treasury at the end of 2018 which calculated that a no-deal Brexit could make the UK’s economy 9.3 percent smaller over 15 years.
The analysis also shows that the impact for manufacturers in a no-deal scenario would be the equivalent to, on average, 9 to 17 percent of the value of EU trade compared to today’s arrangements.