Response to latest measures announced by the Chancellor

Friday 20 March, 2020 

SMMT response to latest measures announced by the Chancellor

Mike Hawes, SMMT Chief Executive, said,

The Chancellor’s unprecedented package of emergency funding and tax support will come as a huge relief to automotive companies of all shapes and sizes as they battle to safeguard their businesses and support thousands of workers and their families who otherwise face hardship. 99% of UK automotive output is now halted meaning thousands of businesses are counting their future, not in months or weeks, but in days. We need these measures implemented swiftly and will work closely with government and our members to keep this critical and fundamentally competitive sector alive.