Brighton is set to have one of the fastest growing economies in the UK in the three months after the scheduled date for Brexit.
The findings, which looked at the period from April to June 2019, came in a report by law firm Irwin Mitchell and the Centre for Economics and Business Research.
It claimed that Brighton is on track for a 1.4 per cent growth to its economy in the second quarter of 2019, which ranks it 12th out of all UK cities.
Global links and tourism will be important to the UK by March. However the amount of direct investment from abroad is likely to drop in the short term.
The report said: “Because of the diversity in services offered across the South and East regions, there are many examples that give reason for optimism in the area’s ability to adapt and respond to the changing nature of trade come March 2019.
“Though a difficult period could arise in the short-term, the medium to long-term prospects are not all negative.”
The report, released yesterday (Monday November 12, 2018) also notes that Brighton has had healthy growth in both employment (up 1.3pc) and in growth (up 2.4pc) in the last quarter.
In conclusion, the report said: “There continues to be a great deal of uncertainty in relation to Brexit, and also a lot of negativity about what the impact will be.
“Time will tell, but one thing the last decade has taught us is that despite the hugely disruptive force of the financial crisis, the UK economy has been incredibly resilient and adaptable.”