Last week, the OBR confirmed that The Treasury had declined to say if there were any costs to be considered against the still secret Nissan deal with Mrs May (HERE). The EU have also confirmed they are yet to receive details of the arrangement. It will be interesting to see if we ever provide any details.
The SMMT (Society of Motor Manufacturers and Traders) says tariffs could add £1500 to the average price of each imported car (HERE).
Now Ford are saying today that for them securing free trade between the EU and the UK is a "top priority" (HERE). The car industry is becoming a key player in brexit and if David Davis does not get a free trade deal or a transitional arrangement after we exit the single market it could end up costing us a fortune in support and lost jobs, sales and exports.
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