The UK government must continue to work with the country's automotive industry to ensure it stays competitive, according to Society of Motor Manufacturers and Traders president Gareth Jones.
Speaking at the SMMT's annual dinner in London, and ahead of tomorrow's autumn spending review, Jones said that current levels of investment in the UK's automotive industry must be maintained and warned of "devastating waste" if spending cuts undermine the current supply chain.
"So much has already been invested successfully, and to pull the rug away now would be a devastating waste,” he said, “It’s a stark reminder that while our industry is a net exporter, the export deficit for parts sits at almost £8 billion. However, with the right support, re-shoring to the UK is possible – and with £4 billion of potential growth, the benefits are worth it.
"We have shown Britain has what it takes to be a manufacturing powerhouse again. But we can’t do it alone. So we say to government: 'Create the conditions that allow us to develop the quality products for which we are world-renowned. Back us to create the jobs, economic growth and prosperity that Britain needs. We have shown we can deliver; work with us to make sure that success continues.'”