LONDON - Britain’s car industry warned the next prime minister on Tuesday against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector.
Boris Johnson, the frontrunner to succeed Theresa May, and his leadership rival Jeremy Hunt, have said they are prepared to take Britain out of the EU without a deal on Oct. 31, although it is not their preferred option. “Leaving the EU without a deal would trigger the most seismic shift in trading conditions ever experienced by automotive, with billions of pounds of tariffs threatening to impact consumer choice and affordability,” it said.
Britain’s car sector, rebuilt by foreign manufacturers since the 1980s, had been a runaway success story in recent years but since 2017 sales, investment and production have all slumped, blamed on a collapse in demand for diesel vehicles and Brexit uncertainty.
Hi good m
Of course they do. 'Big' business telling the British people what to do.
The people voted for BREXIT and should realize their vote counts regardless of what others command. The US was to end when Trump became president--instead we are doing quite well---better than in many decades.
Yes, that's what we need, a private Japanese company telling the UK government what to do. Who do they think they are? Greta Thunberg?!?
A note to Reuters and the UK car industry. The future has a nasty habit of not asking your permission to happen.
Is that the petrol/diesel car market that are finished anyway. Jaguar and Aston Martin are investing and building cars of the future in Britain. Despite Brexit.
💵💵
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