Search results for: brexit


  • 13 November 2020 #CEO Update

    UK-EU FTA a necessity as Brexit preparedness costs spiral

    …for the UK leaving the EU. At least £735 million has been spent by firms in getting ready, as best they can, for Brexit with more than £235 million of…

  • 31 July 2019 #SMMT News #UK Manufacturing

    UK car production falls 20% in first six months as new data reveals £330 million ‘no deal’ mitigation bill

    …see YTD production for the UK and export fall -16.4% and -21.0% respectively, with April’s extraordinary Brexit shutdowns adding to losses. New data reveals £330 million cost of EU departure…

  • 11 January 2019 #CEO Update

    No time to waste on Brexit

    A rude awakening to 2019. Any remaining festive cheer has been quickly extinguished by a raft of negative news for the industry. Brexit uncertainty, job cuts and car registration figures…

  • 15 November 2018 #SMMT News

    SMMT response to the Brexit Agreement

    Mike Hawes, SMMT Chief Executive: For the automotive industry, Brexit is about damage limitation. The outline agreement is a positive step in avoiding the devastating consequences of ‘no-deal’ and securing…

  • 11 April 2019 #Europe #SMMT News

    SMMT response to Brexit extension

    Mike Hawes, SMMT Chief Executive While we’ve avoided a ‘no deal’ Brexit on Friday, it is utterly unacceptable that, more than two years since negotiations started, industry still does not…

  • 08 January 2021 #CEO Update

    Cause for optimism in 2021

    …as its engagement and perseverance on Brexit. Given the last minute interventions the UK Government made during the Brexit negotiations to try and secure additional concessions on our behalf, the…

  • 26 November 2020 #Uncategorised

    The cost of Brexit

    …at the centre of the negotiations. Following a steady recovery since May, CV production volumes plunged -25.6% in October. A no-deal Brexit and the subsequent WTO tariff imposition of £55.4…

  • 12 April 2019 #CEO Update

    Brexit extension is a sticking plaster solution

    Yet another week of frenzied Brexit discussion might have finished with a six-month delay, but for UK business there’s no end in sight to the instability and uncertainty. On the…

  • 28 February 2019 #SMMT News #UK Manufacturing

    UK car production falls -18.2% in January

    …lowest level since May 2013 https://yougov.co.uk/topics/finance/articles-reports/2019/01/29/consumer-confidence-five-year-low-brexit-concerns- GfK Consumer Confidence Index January 2019 – five points lower than January 2018 https://www.gfk.com/en-gb/insights/press-release/uk-consumer-confidence-stable-but-still-five-points-lower-than-this-time-last-year/ 2: SMMT member survey carried out in November 2018 https://www.smmt.co.uk/2018/11/no-deal-brexit-catastrophic-blow-to-british-auto-industry-warn-businesses-in-new-survey/…

  • 27 September 2020 #Europe #SMMT News

    SMMT response to CBI Brexit survey

    …at hand. The industry now faces the prospect of a second devastating shock with the threat of a ‘no deal’ Brexit now only weeks away. A comprehensive FTA with the…

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