December 28, 2024

UK politics live: minister resigns over aid spending cut; Rishi Sunak freezes public sector pay except for NHS

Rishi Sunak #RishiSunak

A no-deal Brexit is likely to impinge on different sectors of the UK economy to those that have been hardest hit as a result of the pandemic.

Businesses involved in the provision of non-tradable, face-to-face services such as hospitality, transport, and entertainment have been hardest hit by coronavirus as they are directly affected by public health restrictions and face difficulties in implementing social distancing.

By contrast, firms in the manufacturing, financial services, and mining and quarrying sectors have been spared the worst economic consequences of the pandemic thanks to their ability to continue to operate while adhering to social distancing rules.

However, it is these latter, trade-intensive sectors that are most exposed to the loss of unfettered access to the EU market.

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