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Business shifts focus to Labour’s automotive insurance policies following election victory

by | Jul 6, 2024 | Automotive

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As an employer of 78% of the 758,000 individuals working within the sector and which generates annual turnover of £100 billion, automotive retailers will now give attention to how Labour plans to addresses the components which most influence their enterprise – and simply as importantly, the pace at which it would ship.

Labour was in truth the one social gathering with a devoted automotive coverage which recognised the contribution the motor business will possible play in reaching web zero objectives.

Mike Hawes, chief government of the Society for Motor Producers, signalled its help for a bespoke method to reaching web zero which, with the appropriate situations, might additionally ship financial progress.

“The brand new authorities’s dedication to an industrial technique and its already revealed Automotive Sector Plan can increase manufacturing competitiveness, improve commerce relations and help customers,” he stated.

Forward of the upcoming Common Election, the Labour Social gathering had promised to reintroduce the ban on the sale of latest inner combustion engine (ICE) vehicles ranging from 2030.

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Laubeau Jac Lawrance

Laubeau Jac Lawrance

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