SMMT statement on Rishi Sunak’s appointment as leader of the Conservative Party and Prime Minister

24 October 2022 #SMMT News

Mike Hawes, SMMT Chief Executive, said:

SMMT congratulates Rishi Sunak on becoming Leader of the Conservative Party and Prime Minister. What we now need is a clear and compelling strategy for growth and stability, one that reassures markets, shores up battered consumer confidence and ensures the UK is seen as investable. As a major investor and employer, the automotive industry can help drive an economic recovery but we sorely need a period of stability and a framework for competitiveness, one that delivers the conditions and regulatory certainty to attract investment, talent and innovation, and not least in the global race to net zero.

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