Car industry warns next PM ‘no deal’ could cost UK £72m a day
The Society of Motor Manufacturers and Traders (SMMT) today issued a plea to the UK’s next prime minister to secure a favourable Brexit deal as his number one priority on taking office.
The call came as the trade body published a new report highlighting the importance of automotive trade to the UK economy and the high stakes of a ‘no deal’ Brexit.
SMMT’s 2019 UK Automotive Trade Report calculates that delays to production caused by friction at the border could add up to £50,000 a minute for the sector.
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