Brexit could cost family-owned insulation manufacturer up to £85,000 per year
Nottinghamshire-based family -owned insulation manufacturer, SuperFOIL Insulation says 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 last month which calculated that a no-deal Brexit could make the UK’s economy 9.3% 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.
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