gr ie: ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 Join Independent Minds For exclusive articles, events and an advertising-free read for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent With an Independent Minds subscription for just 5.99 6.99 9.99 a month Start your free trial Get the best of The Independent Without the ads for just 5.99 6.99 9.99 a month Start your free trial Nothing has changed since the 2016 referendum to reassure them about the prospects of investing in Britain, according to The Independent. And they are beyond frustration with the politicians. Unveiling the figures, industry leaders are issuing a heartfelt plea We need a deal . Despite all the support initiatives by the UK government and parliament, car bosses are clear about one thing, according to their spokesman. Among many other problems, the industry has highlighted the lack of progress in signing off on the valuable free trade deals with nations such as Japan and South Korea that the UK currently enjoys via the EU, but which will be forfeited automatically after a no deal Brexit. As he released the latest figures for investment and production in Britain's car factories and supply chains, Mr Hawes said it was not a pretty picture and he repeated that a no deal Brexit was the worst outcome of all, indeed an existential threat for British industry, and that all forms of Brexit were an exercise in damage limitation . No deal could place more than two thirds of UK automotive's global trade under threat, he added. Watch more No-deal Brexit must be ruled out to save motor industry, warns SMMT Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders SMMT abandoned much of the industry's previous politesse and reticence about commenting on policy by publicly backing Theresa May's deal with the EU, if only because it appears to be the least worst option.
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