Brexit: UK carmakers ‘sitting on their hands’ rather than investing

Trade body urges more clarity on tariffs and movement of components to allow growing industry to make decisions

Britain’s carmakers have warned that they do not believe a trade deal with the EU will be struck within the next two years and are “sitting on their hands” rather than investing in the UK.

The flourishing industry is now seeking the earliest possible notice that there will be a transitional deal post-2019 that “keeps as much as possible” of the status quo for as long as possible.

Related: Angela Merkel attacks British ‘illusion’ of keeping benefits of EU

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