Wales is more dependent on EU grants than other areas and faces the possibility of high tariffs on its exports, such as lamb, the analysis found [Image: Ben Birchall/PA].

Nothing put across the stupidity of voting for Brexit better than a TV interview with a resident of – I think it was – Ebbw Vale, standing in front of a multi-million pound economic project, next to a plaque marking it out as being made possible with EU funding, demanding to know what the EU had done for his town.

He voted for Brexit and the funding will evaporate, leaving him and his town high and dry. The Conservative Government won’t help them at all.

And nobody seems to know what can be done to help these areas if they don’t get funding from the government.

One wonders how even rich residents will fare, under an administration that will happily cut taxes to the top percentages of earners… but won’t lift a finger to stop their businesses being destroyed.

Several parts of Britain that voted to leave the European Union are among the most vulnerable to the economic impact of Brexit, according to new research published as the government prepares to trigger article 50.

Researchers at the thinktank Demos studied regional differences in the reliance on exports to the EU, use of European workers and receipt of support grants. It found that Wales, the north-east and east Midlands all showed relatively heavy dependence despite being home to a preponderance of leave voters.

The government hopes to soften the impact of leaving the single market by striking a new free trade agreement, but with EU negotiators insisting that Britain first settle the terms of its divorce settlement, there are growing fears that it will instead crash out of the union without a deal.

In this scenario, exporters would be forced to rely on World Trade Organisation (WTO) terms, which include punitive tariffs for many agricultural products and manufactured goods such as cars. The three regions that rely most on European markets are Wales, which sends 67% of its exports to the EU, the north-east at 62%, and Yorkshire and Humberside at 55%.

Source: Parts of UK that voted for Brexit may be hardest hit, study finds | Politics | The Guardian

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