Britain leaving the European Union single market could “threaten the viability of the [automotive] industry”, according to Society of Motor Manufacturers and Traders (SMMT) chief executive Mike Hawes.
In a speech earlier today, Prime Minister Theresa May said Britain’s exit from the EU would require it to leave the free-trade zone and that the government would be pushing for the "freest possible trade".
In a following statement, however, Hawes suggested a tariff-free deal was essential in ensuring that Britain’s car industry would remain competitive.
“We need government to deliver a deal which includes participation in the customs union to help safeguard EU trade, trade that is tariff-free and avoids the non-tariff and regulatory barriers that would jeopardise investment, growth and consumer choice,” he said. “Achieving this will not be easy and we must, at all costs, avoid a cliff-edge and reversion to WTO tariffs.”