Investment in Britain's car sector fell by more than 70 percent in the firs...
LONDON - Investment in Britain’s car sector fell by more than 70 percent in the first half of the year due to concerns about a disorderly Brexit, an industry body said on Wednesday, warning that leaving the EU without an agreement was the “worst outcome”.
Investment fell to 90 million pounds in the first half of 2019 compared to 347.3 million pounds in the same period in 2018 and 647.4 million in the first half of 2017, the Society of Motor Manufacturers and Traders said.“The worst outcome would be no-deal. That’s what they fear, that is why they’re not investing.”
Brexiteers have long argued that Germany, Europe’s biggest economy, which exports hundreds of thousands of cars to Britain, will do its utmost to protect that trade, while the British government under Johnson is now ramping up preparations and has said it could help affected sectors.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quentin Tarantino Picks Favorite Music From His Own Films for 70-Song Playlist
Read more »
Caitlyn Jenner to be a mum at 70 with girlfriend Sophia HutchensThe 69-year-old is currently in a relationship with 22-year-old Sophia Hutchens, who was also born a man
Read more »
UK insurance body calls for 'equivalence' in access to EU reinsurance post-BrexitBritain should seek 'equivalence' based market access to the European ...
Read more »
UK plays Brexit hardball with 'stubborn' EU, pound falls to a two-year lowSterling hit a two-year low on Monday as Prime Minister Boris Johnson's gov...
Read more »
UK plays Brexit hardball with 'stubborn' EU, pound tumbles to a 28-month lowSterling slid to a 28-month low on Monday as Prime Minister Boris Johnson's...
Read more »
UK plays Brexit hardball with EU from submarine base, pound tumblesSterling tumbled to a 28-month low on Monday as Prime Minister Boris Johnson sai...
Read more »