No-deal Brexit: European carmakers say disorderly break would be ‘catastrophic’
5 years, 3 months ago

No-deal Brexit: European carmakers say disorderly break would be ‘catastrophic’

CNN  

London CNN Business — Europe’s carmaking industry has warned of “catastrophic consequences” should Britain crash out of the European Union without a deal to protect trade. “A ‘no deal’ Brexit would have an immediate and devastating impact on the industry, undermining competitiveness and causing irreversible and severe damage,” Mike Hawes, CEO of the UK Society of Motor Manufacturers and Traders, said in a statement. Luc Chatel, president of French industry association PFA, said that a disorderly Brexit would have a “direct” impact on tariff rates, customs procedures and logistics. French carmaker PSA has warned that continued production of the Vauxhall and Opel Astra in the United Kingdom depends on the country’s terms of trade following Brexit.

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History of this topic

As Vauxhall’s Luton factory faces closure, is the UK car industry dying again?
1 month, 1 week ago

As Vauxhall’s Luton factory faces closure, is the UK car industry dying again?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Business minister Jonathan Reynolds has …

Blow for British businesses as EU rules out renegotiating Brexit trade deal for years
1 year, 6 months ago

Blow for British businesses as EU rules out renegotiating Brexit trade deal for years

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please …

Car industry woes ‘nothing to do with Brexit’, says business secretary
1 year, 7 months ago

Car industry woes ‘nothing to do with Brexit’, says business secretary

The Independent  

Business secretary Kemi Badenoch has claimed the automotive sector’s fears it cannot make electric vehicles in the UK “isn’t to do with Brexit”. Sunak told reporters in Japan UK was in talks with EU on car industry Stellantis has called on the government to reach an agreement with the EU to maintain existing rules until 2027 – rather than 2024’s …

How a Brexit stitch-up left Britain’s car industry on the brink
1 year, 7 months ago

How a Brexit stitch-up left Britain’s car industry on the brink

The Telegraph  

They were meant to create a homegrown electric vehicle industry and wean manufacturers off their dangerous addiction to China. But as the dust settles, car import rules agreed between Britain and Brussels in the wake of Brexit look less like a farsighted, mutually beneficial agreement – and more like an existential threat to the UK's struggling companies. The plan was …

UK’s Brexit losses more than 178 times bigger than trade deal gains
3 years, 1 month ago

UK’s Brexit losses more than 178 times bigger than trade deal gains

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to analysis …

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU
3 years, 11 months ago

A month on, post-Brexit ‘teething problems’ hit trade between UK and EU

LA Times  

A truck driver’s documents are scanned Jan. 1 as he passes a checkpoint in England for the train through the Eurotunnel. The British government says the troubles are “teething problems,” but companies say they are causing serious pain. New customs rules and health checks have prompted him to stop shipping to the EU and to Northern Ireland, which is part …

How will the Brexit trade deal affect some of our biggest industries?
4 years ago

How will the Brexit trade deal affect some of our biggest industries?

The Telegraph  

As the news emerged shortly before 3pm on Christmas Eve that a Brexit deal had finally been reached, a “sense of relief” was the overarching sentiment among business leaders. Stephen Phipson, chief executive of trade body MakeUK, says: "Industry will cautiously welcome the Government's Christmas present of a provisional trade agreement that avoids the catastrophe of no deal; tariffs and …

Brexit: Covid-19 isolation gives Britain a taste of no-deal chaos
4 years ago

Brexit: Covid-19 isolation gives Britain a taste of no-deal chaos

CNN  

London CNN Business — France has suspended transport links with Britain after a new Covid-19 variant emerged in southern England, adding to growing chaos at UK ports and giving the country a taste of the potential disruption to food and other vital supplies that could accompany a “no-deal” Brexit in just 10 days’ time. “We hope UK and French can …

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor
4 years, 1 month ago

Brexit: No deal with EU worse for UK economy than Covid-19, says Bank of England governor

CNN  

London CNN Business — Bank of England Governor Andrew Bailey has warned that failing to secure a new trade deal with the European Union would do more damage to the UK economy over the long run than the coronavirus pandemic. “I think the long-term effects … would be larger than the long-term effects of Covid,” Bailey said Monday in response …

Brexit blow to car industry as EU rejects crucial UK plan to avoid export tariffs
4 years, 3 months ago

Brexit blow to car industry as EU rejects crucial UK plan to avoid export tariffs

The Independent  

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UK car industry faces ‘catastrophic’ £100bn hit from no-deal Brexit, says trade body
4 years, 3 months ago

UK car industry faces ‘catastrophic’ £100bn hit from no-deal Brexit, says trade body

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. A no-deal outcome …

Brexit just happened. Britain and the EU are already fighting about what comes next
4 years, 11 months ago

Brexit just happened. Britain and the EU are already fighting about what comes next

CNN  

London CNN Business — Britain and the European Union have taken their first steps toward negotiating a new free trade deal, staking out sharply divergent positions Monday that point to more fraught negotiations and another year of uncertainty for businesses. Speaking less than three days after Britain left the European Union, the bloc’s chief Brexit negotiator, Michel Barnier, told reporters …

UK businesses fear a nightmare Brexit hasn’t gone away
5 years ago

UK businesses fear a nightmare Brexit hasn’t gone away

CNN  

London CNN Business — Prime Minister Boris Johnson now has a clear path to take Britain out of the European Union. At that point, however, UK goods shipped to the country’s biggest export market will be subjected to taxes unless Johnson has secured a deal that sets new terms of trade with the European Union. “We suspect that if Johnson …

Manufacturers to end 2019 at ‘standstill’ over Brexit uncertainty
5 years, 1 month ago

Manufacturers to end 2019 at ‘standstill’ over Brexit uncertainty

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please …

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff
5 years, 2 months ago

Formula 1 2019: No-deal Brexit will 'harm our businesses,' says Britain-based outfit Mercedes' Toto Wolff

Firstpost  

If the UK leaves the Customs Union, it could cause delays for the movement of freight between Britain and Europe where nine of this year’s Formula 1 races and most of the pre-season take place Mexico: The chief of British-based Formula 1 outfit Mercedes Toto Wolff said on Saturday the United Kingdom crashing out of the European Union without a …

Carmakers across Europe unite to warn of the dangers of Brexit
5 years, 3 months ago

Carmakers across Europe unite to warn of the dangers of Brexit

The Telegraph  

Brexit is “not just a British” problem, car manufacturers from across Europe are warning, as they appeal for politicians on both sides of the Channel to avoid the UK crashing out of the trading bloc without a trade deal. The heads of 23 automotive trade bodies from across Europe have joined forces to spell out the likely damage of such …

Bitter road to Brexit hits condiment producer’s bottom line
5 years, 3 months ago

Bitter road to Brexit hits condiment producer’s bottom line

Associated Press  

LOUGHBOROUGH, England — Britain hasn’t left the European Union yet, but the long, drawn-out and bitter road to Brexit is already causing financial problems for B I Europe Limited, a family-run food company in central England. His company has enjoyed hassle-free trade in Europe for 40 years and can’t lose it overnight without major problems, he said. You can’t just …

Brexit: The UK car industry is facing a slow death
5 years, 5 months ago

Brexit: The UK car industry is facing a slow death

CNN  

London CNN Business — The British car industry has been written off before. The dire figures from the UK Society of Motor Manufacturers and Traders come days after the group’s CEO issued a stark warning to Prime Minister Boris Johnson: Leaving the European Union without a deal on October 31 could doom the British car industry. “A no-deal Brexit presents …

Brexit: PSA threatens to pull new model from the UK
5 years, 6 months ago

Brexit: PSA threatens to pull new model from the UK

CNN  

London CNN Busiess — French carmaker PSA has warned that continued production of the Vauxhall and Opel Astra in the United Kingdom depends on the country’s terms of trade following Brexit. “The decision on the allocation to the Ellesmere Port plant will be conditional on the final terms of the United Kingdom’s exit from the European Union,” PSA said in …

UK business leaders say ‘tough decisions’ needed to avoid Brexit catastrophe
5 years, 9 months ago

UK business leaders say ‘tough decisions’ needed to avoid Brexit catastrophe

CNN  

London CNN Business — Business leaders are voicing intense frustration with politicians who have plunged the United Kingdom deeper into uncertainty over Brexit. “No one would run a business like this -— and it is no way to run a country,” Adam Marshall, head of the British Chambers of Commerce, said on Thursday. “They need to start making tough decisions.” …

Business is ‘staring down the precipice’ over Brexit
5 years, 9 months ago

Business is ‘staring down the precipice’ over Brexit

CNN  

London CNN Business — Companies in the United Kingdom are suffering from a bad case of déjà vu after lawmakers rejected a second version of the Brexit deal negotiated by Prime Minister Theresa May. “It’s time for parliament to stop this circus,” she added, stressing that “jobs and livelihoods depend on it.” The stunning defeat increases the chances that Britain …

Brexit impact: UK will pay a high price for ‘no deal’
5 years, 10 months ago

Brexit impact: UK will pay a high price for ‘no deal’

CNN  

London CNN Business — Food shortages. These are the potential consequences of a disorderly Brexit, according to an analysis published Tuesday by the UK government that concludes the country is nowhere near ready to leave the European Union on March 29 without a transitional deal. ‘Disaster for UK economy’ The British Chambers of Commerce sums up input from its members …

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