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News updateBack

FTFinancial Times

Car chiefs rev up fight over ‘Brexit’ – The British car industry has set out its overwhelming opposition to a UK exit from the EU with a report detailing the potential damage to the £60bn sector. “Europe is fundamental to the current and future success of the UK automotive industry,” it will say, according to documents seen by the Financial Times. “For UK automotive businesses large and small, it is critical that the UK has a strong relationship with Europe”.

The Times

Floods mean pothole repairs will cost £12bn – A survey by the Asphalt Industry Alliance shows the bill to fill potholes is £1.5bn higher than in 2013, as a result of flooding over winter. This means councils will need to find £12bn to fill all of them, with the South West requiring the largest amount, estimated at £133m per authority. Road safety organisations have warned potholes cause death and serious injury, particularly to cyclists and motorcyclists, but the AIA predicts it will take 12 years to fill all existing holes.

The Guardian

EU key to business say 90% of UK carmakers – Britain’s car industry has expressed its overwhelming opposition to a UK exit from the European Union, saying EU membership is crucial for jobs, investment and growth. Over 90% of companies in the £60bn sector believe staying in the EU would be the best for their businesses.

City AM

UK used cars sales hit five-year high – More than 6.8m used cars changed hands in the UK last year, with the second-hand market reaching its highest level since 2008. Experian found that the total number of sales grew despite a 1.18% drop in Greater London. The Ford Focus is the most commonly-sold used car in the UK.

 

Posted by Sue Robinson on 04/04/2014