UK votes to leave EU
- June 24, 2016
- Posted by: Simon Wait
- Category: Industry News
The UK has voted to leave the European Union with Prime Minister David Cameron announcing he will step down by October.
Speaking outside 10 Downing Street, Cameron said he would attempt to ‘steady the ship’ over the coming weeks and months but that ‘fresh leadership’ was needed.
Cameron had campaigned for country to vote remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.
The Society of Motor Manufacturers and Traders (SMMT) has urged the government to protect UK automotive interests following victory for the Leave campaign in last night’s EU referendum.
Mike Hawes, SMMT chief executive, said, ‘The British public has chosen a new future out of Europe.
‘Government must now maintain economic stability and secure a deal with the EU which safeguards UK automotive interests.
‘This includes securing tariff-free access to European and other global markets, ensuring we can recruit talent from the EU and the rest of the world and making the UK the most competitive place in Europe for automotive investment.’
Following today’s referendum result to leave the European Union, RMI Bodyshops, NAB and VBRA says it will continue to support independent businesses.
Jason Moseley, RMI Bodyshops executive director said, ‘The result of the referendum to leave the European Union echoes the views of the majority of our bodyshop members.
‘As our sectors leading trade body, we must now provide the advice and support that our members need to leverage the benefit, but also minimise any disruption of this change during this transitional period.
‘We have also seen volatility in the financial markets, with up to 20% of share value being wiped off insurance companies that are a key component to our industry. We will continue to monitor this situation and will keep our members updated of any potential risks.’