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SMMT Statement on Committee on Exiting European Union Report

Auto News - Published on Mon, 22 Jul 2019

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Mr Mike Hawes, SMMT Chief Executive said that “We welcome the Exiting the European Union Committee report and its categorical finding that a ‘no deal’ Brexit would be a fundamental risk to the UK automotive industry’s competitiveness and jobs. We have always been clear about the devastating consequences of ‘no deal’, and as the report says, planning for such an outcome has already ‘had a chilling effect on investment in the sector’.

He added that “UK and EU automotive industries are deeply integrated and it is vital we maintain all the conditions that have made us globally competitive. As echoed in the report, at the very least, this means tariff-free trade, frictionless borders. ‘No deal’ must be avoided at all costs or risk irreversible damage to this vital sector.”

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Posted By : Mohan Sharma on Mon, 22 Jul 2019
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