Brexit's ‘Death by a Thousand Cuts’ Has U.K. Automakers on Edge
- Manufacturers warn Brexit is holding the industry back
- May tells businesses ‘it’s right’ they make their voice heard
Photographer: Chris Ratcliffe/Bloomberg
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Prime Minister Theresa May’s chaos-stricken U.K. government risks slowly suffocating investments for car manufacturers desperate for clarity post-Brexit from a party that calls itself pro-business.
That’s the stark assessment of Mike Hawes, chief executive officer of the Society of Motor Manufacturers and Traders, who took a jab at May’s widely-debunked promise that there will be extra money to spend from the contributions that Britain stops making to the European Union budget when it leaves the bloc on March 29, 2019.