Car makers cry out for interim Brexit deal to stop industry falling off a cliff – Telegraph.co.uk

Car makers cry out for interim Brexit deal to stop industry falling off a cliff – Telegraph.co.uk

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He called for the Government to seek an interim deal that sees the UK remaining in the customs union and single market for the duration of the negotiations, and for as long as it takes to settle a new deal with the EU.

Without this, the £77.5bn-a-year UK car industry, which directly employs 170,000 people and supports a further 800,000 positions, faces a “cliff edge” that would put it “in peril, damaging it permanently, disrupting supply chains and jeopardising competitiveness”.

Mr Hawes spoke as an Automotive Industry Council report revealed that the level of UK-produced components in cars coming off British production lines had risen  to 44pc from from 36pc a year ago, with manufacturers pushing for this level to increase as Britain heads for the EU exit door. A ratio of around 50pc UK-made parts is thought to be the minimum necessary for British goods to avoid tariffs under a free trade system.

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