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  • Breaking News

    UK car industry calls for tariff-free deal with EU as output slumps

    LONDON (Reuters) - Britain's car industry body called on Prime Minister Boris Johnson to secure a tariff-free trade deal with the European Union which avoids barriers for businesses as production slumped in November. Output fell 16.5 percent last month to 107,753 cars, continuing a trend of decline in 2019 which leaves output down 14.5% in the first 11 months of the year to 1.2 million vehicles, according to the Society of Motor Manufacturers and Traders (SMMT). Johnson convincingly won an election last week which puts Britain on track to leave the EU by the end of next month, guaranteeing a transition period until the end of 2020 during which time little will change in its relationship with the bloc

    The post UK car industry calls for tariff-free deal with EU as output slumps appeared first on Firstpost.



    from Firstpost

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