Survey highlights importance of UK’s relationship with Europe

As part of the survey, EEF also conducted scenario planning for the UK and eurozone. This showed that 56 per cent of companies would increase investment if the eurozone recovered strongly.

By The Newsroom

Published 29th Jun 2015, 01:19 BST

However 41 per cent of companies would invest less if the eurozone broke up with only eight per cent of respondents investing more.

EEF said the results clearly highlight the importance of the UK’s relationship with Europe for British manufacturers.

The eurozone remains the biggest market for UK exports with eight out of the top 10 importers of UK goods being in the eurozone.

EEF said current developments around Europe will therefore have major implications for UK manufacturing.

Europe