Thursday, March 3, 2016

Majority of auto industry back staying in EU

The majority of SMMT members, 59 per cent, believe Brexit would have a negative impact on their businesses in the medium to long term, with 18 per cent uncertain about the consequences. Fears over losing business to EU rivals and future investment being diverted to the Continent were among the reasons given by those who predicted there would be a negative effect if the UK votes to leave at the referendum.

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