Hard Brexit could cut car production by a third

The UK car industry says a hard Brexit could cut production by a third.

The Society of Motor Manufacturers and Traders is worried that tariffs will end up being applied on UK exports to the EU.

The industry body’s chief executive Mike Hawes says: “We are just one sector. To do a deal with the EU, a free trade agreement, by definition it needs to be multi-sector… Whether you can come to an agreement, especially if the clock is ticking to get it done by the end of December next year, I would suggest there is a real prospect of tariffs being applied.”