How are we doing? The impact of Brexit at industry level. Thus the title of a new report presented on 10 September by the TUC union confederation during its annual conference in Brighton. In it the report explores the outlook with and potential consequences of Brexit. Even if the future EU exit cannot be the sole cause of all of the UK’s woes, the TUC’s study does hold that this landmark development in the nation’s history will place 1.5 million jobs in peril and it is calling for the UK to temporarily remain in the single European market until workers’ rights were fully secured.
The report preamble does state that Brexit is not the sole reason for everything the UK is undergoing. However it does suggest that economic disequilibria including low productivity levels, weak investment spending, and falling real wages that were accentuated by the 2008 crisis and subsequent austerity policy, were only set to deteriorate further since the 2016 Brexit referendum (that the TUC secretary general termed ‘kamikaze Brexit’). As proof of this the drop in real wages has been worsened
…Do you have information to share with us?