Pro-remain cities ‘will be hardest hit by Brexit’

UK cities that voted to remain in the European Union are likely to bear the brunt of the economic impact from Brexit, with London and Aberdeen hardest hit, according to an analysis by the London School of Economics and Political Science.

The study by LSE’s Centre for Economic Performance found that richer cities that specialise in financial and business services would see most damage from increased tariff and non-tariff barriers. It also found that the negative impacts of Brexit tended to be amplified in areas with higher average wages. These cities are predominantly in the south of England and largely voted to stay in the EU.

However, the study forecasts that every local authority would see a fall in Gross Value Added (GVA) as a result of Brexit.