M&J Europe worker
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Brexit doom and gloom must stop - Tredegar engineering firm boss

Confidence among manufacturers has slumped since the UK's vote to leave the European Union, a report indicates.

Manufacturers' average confidence score dropped to 5.24 after the referendum from 6.37 before the vote, the report from EEF, a manufacturing lobby group, and accountancy firm BDO showed.

In Wales, manufacturers scored 6.5 out of a possible 10 points for confidence before the referendum but since the vote this score has dropped to 5.1.

The biggest fall in confidence was in London and the South East.

M&J Europe Ltd is a long established engineering company in Tredegar and employs around 27 workers.

It makes machinery and conveyor systems and is looking to invest, expand and take on more workers.

Mike Garland, director, told BBC Wales business correspondent Brian Meechan said there was too much "doom and gloom" and he was confident the economy could stand on its own feet.

  • 29 Jul 2016
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