'We are learning the hard way that our model of Brexit is economically sub-optimal', Tobias_Ellwood tells theipaper
signed with Brussels in 2020 amid growing concerns about the impact it will have on the UK car industry.that the new terms agreed under the recently negotiated Windsor Framework would lead to consumers paying more in supermarkets due to more onerous food labelling costs.
“As Nigel Farage claims Brexit is Broken. Most might agree – this is not the ‘Brexit’ we envisaged. Costing us £40bn a year, we can do better. Yet Farage, Boris Johnson, David Frost and Dan Hannan all argued to stay IN the Single Market.His comments reflect a growing level of concern across Westminster of the impact Mr Johnson’s trade deal is having on the wider economy, at a time when the Government is desperately trying to boost growth.
The issue came to the fore this week when Vauxhall’s parent company Stellantis told MPs it would be unable to keep a commitment to make EVs in the UK without changes to Britain’s agreement with the bloc. Without meeting the requirements, cars manufactured in the UK would face a 10 per cent tariff if sold in the EU – and vice versa – rendering them uncompetitive, prompting warnings of an “existential threat” posed by the deadline.
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