Jeremy Hunt has offered one of Britain’s biggest car manufacturers half a billion pounds in government subsidies not to go abroad to build a new electric battery “giga-factory”.
Where are all those Brexit benefits?
20/05/2023
Project Fear has become Project Reality—just look at Britain’s car industry.
Rishi Sunak is facing fresh demands to improve the UK’s Brexit deal with the EU.
From NHS staff shortages to export woes, the effects of the 2016 vote are still being felt.
David Bailey examines the potential impact of new ‘rules of origin’ requirements for Battery Electric Vehicles (BEV) under the Brexit trade deal, arguing that tariffs on UK-EU BEV trade would be self-defeating when both the UK and the EU are trying to encourage a switch to electric vehicles in order to reach net zero.
Manufacturers warn of ‘devastating price war’ on consumers if tariffs are enforced in 2024.