Five years after Britain’s departure from the European Union, the UK’s automotive sector continues to prove its global weight, generating £115 billion in imports and exports last year, according to the Society of Motor Manufacturers and Traders (SMMT).

The industry is on track to deliver more than £110 billion in trade for the third year running, despite grappling with new tariff barriers, customs costs, protectionism and geopolitical tensions. Yet the trade body warns that unresolved Brexit complications, combined with looming rules of origin requirements for electric vehicle (EV) batteries, could put this growth at risk. Read More