U.K. car industry warns next prime minister against ‘seismic’ no-deal Brexit

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.

Industry body the Society of Motor Manufacturers and Traders warned about the scale of disruption a disorderly exit would cause.“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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fossil fuel industry quietly undermining global climate talks: report‘ … bolsters the case for why governments need to look at the influence of fossil fuel trade associations at the international level’ A Bloomberg article against fossil fuels. That’s new. Good, there are too many polar bears and the religious climate change zealots won't let the Inuit protect themselves . CO2 is not the primary cause of climate change; the science is shown below.
Source: nationalpost - 🏆 10. / 80 Read more »

Will the forward market dominoes begin to fall after Panarin signs a deal?There are plenty of high-profile forwards about to hit the open market, but do the dominoes begin to fall after Artemi Panarin signs a deal? That's Hockey gives its thoughts?
Source: TSN_Sports - 🏆 80. / 51 Read more »