The EURIS Taskforce, a body of trade organisations representing UK manufacturing worth £148bn in turnover and with 1.1 million employees, of which the BPMA (British Pump Manufacturers Association) is a prominent member, has written to all Conservative leadership candidates to highlight that no-deal should not be an option in the Brexit debate.
A no-deal Brexit would cause severe damage to UK manufacturing and risks huge job losses as the impact on trade will be too hard to bear for many companies, it stressed.
EURIS chair Dr Howard Porter said: “A no-deal Brexit will result in significant long-term damage to the UK manufacturing sector and will put at risk the industrial product supply sector’s £148 billion contribution to the UK economy.
“Of particular concern are the potential costs of regulatory compliance and administration placed on exporters and importers in the UK under a no-deal, which many believe will be too hard to bear for some companies. EURIS is calling on all Conservative candidates to support UK industry and secure the future of our contribution to the UK economy by avoiding a no-deal Brexit.”