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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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam