The report states that 92% of car manufacturers in the UK want to stay in the EU and only 3% want to leave. My maths is not great but this suggest that there is also 5% that don’t give a damn. Anyway, in addition, 70% said that leaving the EU would have a negative or very negative impact on their business.
As the vast majority of the UK motor industry is foreign owned the net result of this report should likely be read as a warning from industry that any change to the current status quo is going to force them to reconsider their options in the region. I recall an interview with the head of Nissan late last year who basically said just that.
With over third of all vehicles built in the UK sold in Europe and many parts being imported from the continent, there are the obvious economic reasons why the motor industry is keen to continue benefiting from the tax advantages of the UK being part of the EU. In an article on the subject in the Huffington post Vince Cable is not sitting on the fence on the subject, by stating “No one can plausibly be in favour of the rebalancing the British economy, boosting exports and supporting sustainable growth while being in favour of leaving the EU.”
Does this news influence your opinions over the UK’s future in Europe? Let us know what you think… because quite frankly we are torn!
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