Levelling up? Britain’s car-making hubs will need government help after Brexit
Britain’s car exports to the EU look set to face additional tariffs even if a trade deal is secured. It’s a challenge an industry facing significant headwinds may not be able to overcome, writes James Moore
Is the UK automative industry doomed? If it isn’t it’s in grave danger.
Last week Lord Frost, who has been leading the Brexit trade negotiations, coughed up to the chilly future it’s facing.
The government had asked for parts brought in from Japan, South Korea or Turkey to be treated as British. This is so the cars made with them could also qualify as British under the strict rules-of-origin requirements they will have to meet to be exported to Europe tariff free under a UK/EU free trade agreement. If one is struck, which is, obviously, still in doubt.
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