Motor Sector: Export Markets

Lord Wigley Excerpts

Monday 14th September 2020 Lords Chamber

[Lord Grimstone of Boscobel (Con)]

My Lords, we know that the automotive industry has concerns about the cost implications of any tariffs, frictions at borders and divergence in regulation following the end of the transition period. These are the very reasons why we want a relationship with the EU based on friendly co-operation between sovereign equals and centred on free trade. Those are the objectives we are working towards.

[Lord Wigley (PC) [V]]

My Lords, the Minister said that new markets cannot be turned on overnight, but existing markets can certainly be lost overnight if there are punitive barriers in the form of high tariffs. What specific help will the Government give car manufacturers such as Toyota in Flintshire if they lose their European markets as a result of the Government’s failure to secure an adequate deal?

[Lord Grimstone of Boscobel (Con)]

Because we recognise the importance of the automotive industry to the UK, we have various schemes in place to help support its transition and development. For example, we have our £1 billion automotive transformation fund, which is helping to develop supply chains and UK alternatives for the large-scale production of electric vehicles in the United Kingdom.