Brexit: despatches from the downside – No 24
01/03/2024
In this week's Brexit downsides, extra food labelling costing up to £250mn, a huge drop in overseas students, veterinary shortages in NI, and more.
Electric vehicles moving between the UK and the EU face a 10 per cent tariff once a grace period expires in 2027.
‘We goofed it up, you have to fix it’, Ursula von der Leyen tells young people. / European Commission president Ursula von der Leyen has said young Britons could still reverse Brexit by deciding to re-join the EU in the years ahead.
Manufacturers warn of ‘devastating price war’ on consumers if tariffs are enforced in 2024.
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.
Brexit tariffs could close UK car factories
04/08/2023
One of the world’s biggest carmakers has warned it may be forced to close its UK factories if the government can’t renegotiate part of the Brexit deal with the EU.
Shadow International Trade Secretary Nick Thomas-Symonds has written to Business and Trade Secretary Kemi Badenoch urging her to reach an agreement with Brussels. / Time is running out to strike a deal with Brussels over post-Brexit rules which could hamper British car exports, Labour warns today.
Brussels’ former Brexit chief urges collaboration on shared challenges and reflects on tumultuous talks.
New Brexit tariffs on electric car parts threaten the future of Vauxhall’s huge factory in Luton, the plant’s director has warned.
EVs being exported from the EU to the UK will still have tariffs on them from next year as a result of Brexit, despite a plea to defer the trade rule.
Britain and the EU are holding negotiations over the issue but Brussels is expected to maintain a hardline until the autumn.
Britain should continue following EU car regulations to avoid extra costs for consumers, says the boss of Ford. / Tim Slatter's comments come as car manufacturers prepare for the first major review of Britain's post-Brexit trade deal with the EU.
Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned.
European car makers are calling for a three-year delay in post-Brexit trade rules around electric cars – warning of both a loss of production and a potential €4.3 billion (£3.7 billion) tariff hit.
Post-Brexit rules forcing European automakers to source more electric vehicle components from Britain or the EU could cost them up to 4.3 billion euros ($4.7 billion) in tariffs and hit output, a leading industry body said on Tuesday.
Ministers were warned of the dangers of the EU trade deadline two years ago. Now, up to 200,000 jobs and £11bn worth of UK car exports could be in jeopardy.
Rules of origin force an increasing percentage of the value of an EV to be sourced from the UK or EU.
Where are all those Brexit benefits?
20/05/2023
Project Fear has become Project Reality—just look at Britain’s car industry.
British car factories will be forced to close with the loss of thousands of jobs if the UK government does not renegotiate its Brexit deal immediately, automaker Stellantis has warned.
UK car industry is facing ‘existential crisis’ as argument over EV Brexit deal rumbles on
19/05/2023
Expert warns of ‘existential crisis for UK car industry. / Government insists EV problems ‘can be resolved within’ Brexit deal. / From next year, 45 per cent of an EV’s value should originate in the UK or EU to qualify for tariff-free trade.
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry.
Stellantis, which also owns Citroen, Peugeot and Fiat and employs more than 5,000 people in the UK, says its UK investments were in the balance due to terms of Brexit trade deal.
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
Officials have been accused of been "asleep at the wheel" as looming new rules covering electric vehicles approach.
Rishi Sunak’s government is understood to be lobbying the EU to delay a change in manufacturing rules in the Brexit trade deal after Vauxhall’s parent company warned it could shut its UK factories.