Britain vehicle industry have to be at the heart of Brexit negotiations, tell MPs

Investment & thousands of jobs can be Stray in booming automotive sector, committee warnsUK vehicle industry have to be at the heart of Brexit negotiations, tell MPsThe Britain Gov. have to put the vehicle industry at the heart of Brexit negotiations or danger the loss of thousands of jobs & hundreds of millions of pounds of investment, MPs have warned. In a gloomy assessment of prospects for Britain vehicle manufacturing, the business, energy & industrial strategy (BEIS) choose committee said Brexit was negative for the sector, by "damage limitation" a better possible outcome. "There is no credible argument to propose there are pros to be gained from Brexit for the Britain vehicle industry. Regulatory consistency & friction-toll free trade advantages vehicle companies, consumers & vehicle workers. Britain vehicle manufacturing took a knock final year as doubt over Brexit & the wider economy made consumers reluctant to commit to great spending decisions.

No upside in Brexit for English vehicle industry -lawmakers

LONDON, March one (Reuters) - UK have to maintain toll free trade & Eu regulatory alignment for the automotive industry as Brexit offers no upside for the sector, a committee of lawmakers said. As one of UK's few manufacturing success stories ever ever the 1980s, the vehicle industry employs further than 800,000 people & generates turnover of 77.five bn pounds ($110 bn). "There is no credible argument to propose there are pros to be gained from Brexit for the UK vehicle industry," the chairwoman of UK's business committee Rachel Reeves, an opposition Labour lawmaker, said on Thursday. Ministers have pledged to align English regulations by EU ones in some areas, like the automotive sector, & maintain toll free & unfettered trade by the industry's biggest Exportation market. Lawmakers too concluded that UK ought maintain existing certification arrangements, by that cars confirmed in UK could be used on the continent & vice versa.

No upside in Brexit for English vehicle industry - MPs

referring to LONDON (Reuters) - UK have to maintain toll free trade & Eu regulatory alignment for the automotive industry as Brexit offers no upside for the sector, a committee of MPs said. As 1 of UK's few manufacturing success stories ever ever the 1980s, the vehicle industry employs further than 800,000 people & generates turnover of 77.five bn pounds. "There is no credible argument to propose there are pros to be gained from Brexit for the UK vehicle industry," the chairwoman of UK's business committee Rachel Reeves, an opposition Labour lawmaker, said on Thursday. Ministers have pledged to align English regulations by EU ones in some areas, like the automotive sector, & maintain toll free & unfettered trade by the industry's biggest Exportation market. MPs too concluded that UK ought maintain existing certification arrangements, by that cars confirmed in UK could be used on the continent & vice versa.

collected by :Catlin Logan

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