Brexit will have nearly twice the impact on the economy of the north of England, according to the annual assessment of the regional economy by the IPPR North think tank.
In particular, the study has found that 10.2 percent of GDP of the north is dependent on exports to the European Union, compared to 7.2 percent for inner London.
According to The Guardian, the results of the study will prove worrying for the region where many areas voted to leave the EU in a referendum last year.
READ MORE: Brexit 'Uncertainty Already Affecting' British Households, Living Standards
Many Britons voted for the country’s withdrawal from the EU due to financial difficulties after the financial crisis, which were aggravated by further government austerity measures. Commentators, however, have argued that the economic consequences of the referendum were not taken into proper consideration.
"When the wider Brexit-related risk exposure is considered (rather than just EU economic dependency) an even worse situation emerges for the North," the study said, adding that the risk is particularly high in such regions as East Riding and Norther Lincolnshire, Lancashire, Cumbria and Cheshire.
