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Cars Aston Martin ‘greatly encouraged’ by government Brexit plan

14:25  12 july  2018
14:25  12 july  2018 Source:   motoringresearch.com

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Aston Martin has issued a statement saying it is “ greatly encouraged ” by the government consensus on a Brexit plan for the UK’s future trading relationship with the EU, as agreed at Chequers on Friday. Ahead of MPs and peers discussing the plan in Parliament

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Aston Martin © Provided by Motoring Research Aston Martin Aston Martin has issued a statement saying it is “greatly encouraged” by the government consensus on a Brexit plan for the UK’s future trading relationship with the EU, as agreed at Chequers on Friday.

Ahead of MPs and peers discussing the plan in Parliament, the British sports car firm has issued its public support for the plan, which it says “addresses both the concerns of industry, whilst respecting the result of the EU Referendum”.

Aston Martin made the automotive industry’s position clear: it’s one that makes long-term investment and employment decisions, and thus needs clarity and certainty to plan for this. “Over the past few months this clarity has been lacking.

“Any new trading arrangement that would introduce tariffs, regulatory divergence or other barriers for business would be a poor outcome for both the UK and the EU.” The Chequers Brexit plan seeks to avoid this.

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“We fully support the Government’s proposed approach to a new combined customs territory, that will provide us with continued unlimited access to our European supply chain, whilst also allowing the UK to form new trade deals with some of the fastest growing economies around the world.”

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  All you need to know about Cabinet’s Brexit showdown at Chequers The meeting aims to thrash out the Government’s blueprint for Brexit. – What is happening?The whole Cabinet will be at the Prime Minister’s official country retreat in Buckinghamshire on Friday. The venue offers more privacy than Downing Street, where reporters and photographers can linger outside the black door to No 10.Ministers will be kept at the mansion until they have reached agreement – dinner will be served and they could talk late into the night.– What do they need to decide?The Government has to set out what it wants its future relationship with the European Union after Brexit to look like.

Aston Martin has criticised the leave campaign’s failure to plan for Brexit and called on politicians to clarify Britain’s future relationship with the EU after last week’s Aston Martin ’s DBX model, which will be built in a new factory in St Athan, south Wales. Photograph: Welsh Government /PA.

The government ’s long-awaited Road to Zero plan has been published, outlining how it will achieve the 2040 ban on petrol and diesel cars. Aston Martin ‘ greatly encouraged ’ by government Brexit plan .

Now comes the hard part, adds Aston Martin: “ensure that the opportunities outlined by the Prime Minister are implemented, for the economic benefit of both the UK and EU.” (And overcome the inevitable hurdles that are already arising, it could have added…)

It’s unusual for a car company to issue such a fulsome statement of support for government policy, but Brexit has long frustrated the automotive industry which has felt its concerns were not being recognised or listened to. This is why Aston Martin has felt the need to celebrate what it considers a good result.

“This is a positive step forward for Aston Martin’s future growth and we commend the Cabinet in reaching this consensus.”

The post Aston Martin ‘greatly encouraged’ by government Brexit plan appeared first on Motoring Research.

Aston Martin gets first female chair ahead of £5bn float .
Aston Martin Lagonda has named Penny Hughes as its first female chair as the luxury car-maker heads for a £5bn stock market listing.   The announcement confirms a Sky News exclusive that the former Coca-Cola executive would be appointed to the board, becoming one of just a handful of female chairs of the UK's biggest quoted companies should the luxury marque be included in the FTSE 100 index.Download the all-new Microsoft News app – available now on iOS and AndroidAston Martin Lagonda also confirmed its intention to float on the London Stock Exchange.

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