Car industry says no-deal Brexit would cost €110 billion
14/09/2020
Automotive industry bodies have issued a joint statement to urge negotiators from the UK and the European Union to conclude a trade deal.
If they fail to reach agreement and the transition period for the UK’s departure from the EU ends with no deal in place, it would be “catastrophic” for the car industry, they said.
The UK left the European Union at the start of 2020, but existing trading arrangements have remained in place during a transition period that will end on December 31.
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