How Will Brexit Affect Motor Traders?

On 23rd June, Britain chose to leave the EU in an historic vote, causing shockwaves throughout world markets. While Britain will remain part of the EU for at least another two years, there will undoubtedly be a period of instability—leaving the future of UK motor traders uncertain. In response, the Society of Motor Manufacturers and Traders stated that the UK government will need to safeguard automotive interests by ‘securing tariff-free access to European and other global markets [and] ensuring we can recruit talent from the EU.’ However, amidst the undetermined impact of Brexit, there are some outcomes relevant to motor traders that have already made themselves clear: (read more) "How Will Brexit Affect Motor Traders?"


Brexit’s Effect on International Trade and Recruitment

As a part of negotiations to disentangle from the EU, Britain will have to broker new trade agreements with not only the EU, but third countries as well. To exacerbate this complex process even more, Britain only has two years to establish these connections. While the full repercussions of Brexit cannot be totally foreseen, industry experts have offered their best estimates for how the decision will affect Britain’s trade with the EU and third countries. (read more) "Brexit’s Effect on International Trade and Recruitment"