How to Report Economic News by Nicola Walton

Author:Nicola Walton [Walton, Nicola]
Language: eng
Format: epub
Tags: Social Science, Media Studies
ISBN: 9781317391470
Google: YjolDwAAQBAJ
Publisher: Taylor & Francis
Published: 2017-02-10T04:31:27+00:00

Box 6.1 UK car industry

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UK car industry continued to drive forward in 2016 with January new car registrations at an 11 year high at just over 167,000 units.

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Four out of five cars built in UK sold abroad.

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By 2020 manufacturing forecast to be more than 2 million cars/year.

Source: Society of Motor Manufacturers and Traders (SMMT)

The Society of Motor Manufacturers and Traders (SMMT) campaigned strongly for Britain to remain within the EU. Following the UK vote to leave the EU, Mike Hawes, chief executive of SMMT said ‘Government must now maintain economic stability and secure a deal with the EU which safeguards UK automotive interests. This includes securing tariff-free access to European and other global markets, ensuring we can recruit talent from the EU and the rest of the world and making the UK the most competitive place in Europe for automotive investment’.4

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