Vauxhall

No one had wanted to believe in Brexit and it came. No one wanted to believe in a "no deal" and this is the scenario that is now emerging.

 

It was clear that it was politically important for Brussels to flex muscles and to indicate that opting out would have a cost. 

It was clear that Brexit supporters, on the other hand, were keen on showing that they did not intend to let themselves be reimposed on Brussels standards as part of a deal.

However, it was thought on both sides that reason would eventually prevail and that well-understood interests on both sides of the Channel would lead to a Norwegian-style free-trade agreement. 

The anti-Theresa May vote on 15 January shattered these hopes, which were a reason not to be very actively preparing for a "no-deal". In the automotive industry, as elsewhere, we must take up our calculatoragain and try to understand very quickly what is likely to happen.

 

To this end, a number of statistical realities should be recalled with respect to British motor vehicle foreign trade.