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Our historic mistake and lack of government action are creating costs that rivals don’t have to bear.
The government has no plan to save a vanishing sector.
Importing cars from the UK to Ireland is not a new phenomenon. For decades motorists have been looking across the pond for better deals on superior spec vehicles. However things have shifted radically in the past 12 months.
The UK left the EU at the end of 2020, and according to the latest figures from the Office for National Statistics, Brexit has already led to a significant slump in trade between the EU and the UK... / Brexit supporters endorsed the idea of CANZUK – an alliance between the UK, Canada, Australia and New Zealand.
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
New car output slumped by almost 11 per cent in July, off the back of weak export demand.
As the prospect of no deal looms, even the promises of aid offered by the May government seem a distant memory.
Despite calls to 'take back control' the economic reality is that tariffs will be determined by the 'bound rates' that the UK already has in place under the WTO and, ultimately, no tariff regime will make up for loss of access to the EU market
A wave of disruptions is rocking the world trading system. Britain’s divorce from the European Union has turned messy, while the U.S. trade war with China has investors on edge. The cost of such risks is substantial, according to an analysis by Bloomberg Economics of OECD data.
WTO’s accession chief says Britain’s departure from the EU creates an unprecedented situation that could take years to resolve.
Jaguar Land Rover (JLR) CEO Ralf Speth has issued a warning to the UK government that a so-called hard Brexit could cost the company £1.2 billion per year in tariffs and ultimately force it out of the UK.