Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the reasons for the reductions in the level of investment in the UK car industry in the last 12 months.
The latest figures from the Office for National Statistics figures show that in 2017, overall manufacturing investment grew by 3.1% and car sales were 25% higher than in 2010. The automotive sector is a valuable part of the UK economy and the government has recently established the first automotive sector deal. Through mechanisms such as the Advanced Propulsion Centre, we have approved R&D projects worth £680 million with £322 million of Government investment.