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. Leaving the EU... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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