However, the Department for Exiting the EU recently rejected requests to publish the analysis, arguing that there was a risk of a knock-on effect on national and regional economies . But the Lib Dems have workd with experts at the London School of Economics to produce their own estimates of the effects of a “hard” and “soft” Brexit.The party claims the cities of London and Birmingham are set to be the worst-hit in the event of a “no deal” exit, with parts of the capital seeing a 9.5 percent drop in output. However, it also suggests that Leeds, which has one of the biggest financial services sectors outside of the South East, could see a drop in output of up to six percent – equivalent to £6.4bn.

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