Newspaper article The Journal (Newcastle, England)

UK Car Makers Call for End to Threat of No Deal

Newspaper article The Journal (Newcastle, England)

UK Car Makers Call for End to Threat of No Deal

Article excerpt

Byline: GRAEME WHITFIELD Business editor @Graemewhitfield

THE body representing the UK's beleaguered automotive sector has called on Tory leadership hopefuls to end talk of a no-deal Brexit, saying that leaving the EU without a trade agreement "simply isn't an option".

A number of the leading candidates to be the next Conservative leader have insisted that a no-deal Brexit has to be an option to ensure that there are no more delays to the process of the UK leaving the EU.

An attempt by opposition parties to stop the next Prime Minister pursuing no deal was defeated, with two North East MPs - Stephen Hepburn and Ronnie Campbell - among a handful of Labour members to vote against their party and make it harder to block no deal.

But speaking to MPs, the Society of Motor Manufacturers and Traders (SMMT) - which represents the automotive sector in the UK - said no-deal "simply isn't an option" and added that politicians were damaging the industry simply by talking it up.

Sydney Nash, senior policy manager at SMMT said: "Our appeal to MPs is to understand what the cost is of just the threat of no-deal. The fact that it's promoted as an option is extremely costly to our sector.

"For our members who have undergone contingency planning, it is costing tens of millions of pounds and thousands of work hours to plan for no-deal Brexit. And, with the best will in the world, no company can fully mitigate for the result of a nodeal Brexit.

"Hearing politicians promote the idea of no deal doesn't fill any of our member companies with any confidence whatsoever, nor does it fill international investors with any confidence either. Our strong desire would be for no deal to be taken off the table."

" Mr Nash was speaking after a turbulent six months in the automotivewould be also be disastrous to the industry. …

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