Hard Brexit could add £1,500 to price of a car, says industry boss
The President of the Society of Motor Manufacturers and Traders (SMMT) urged government to develop its industrial strategy with successful sectors, and to put an immediate focus on automotive priorities post-Brexit.
Speaking at the Society’s 100th Annual Dinner, Gareth Jones underlined the industry’s recent impressive growth and outlined the risks to investment and success if the benefits of the single market were lost.
New SMMT analysis suggests that EU tariffs on cars alone could add at least an annual £2.7bn to imports and Â... 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...
