In the face of a perfect storm

It has been described as ‘the perfect storm’. Just how much damage the double impact of Brexit and Covid will inflict on Lancashire’s international trade remains to be seen.

Nationally, three in four businesses are concerned about a further economic shock arising from a non-negotiated exit from the EU - the UK’s biggest trading partner - according to survey data from the CBI.

It also highlighted that business preparations for the end of the transition period have stalled or gone into reverse since January.

Meanwhile, the coronavirus pandemic continues to wreak havoc on industries such as civil aerospace as the world struggles to get to grip with the so-called ‘new normal’. Lancashire has already suffered job losses as a result.