Over the next fifteen years, the North East of England could experience a fall of 10.5 percent in gross value added (GVA) to the economy if the UK ends up in a no deal Brexit
situation. According to Confederation of British Industry (CBI) forecasts
, the region will be the worst affected, with the West Midlands and Yorkshire and the Humber in joint second with "nearly 10 percent". Northern Ireland, which is heavily reliant on trade with the EU (74 percent of all exports), is forecast to see a 9.1 percent drop. London is expected to be the least affected, but would nevertheless suffer a 6 percent decrease according to the analysis.