Auto Industry Key For UK in Brexit Negotiations

Britain’s car industry is a key part of the economy and the government is looking to ensure the best possible EU market access for all of the country’s important sectors, Prime Minister Theresa May’s spokesman said on Thursday.

The chairman of Japanese carmaker Toyota told the Financial Times on Wednesday: “We have seen the direction of the prime minister of the UK, (so) we are now going to consider, together with the suppliers, how our company can survive.”

Reuters

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MS

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.