Brexit 'an exercise in damage limitation' for UK automotive supply chains

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Britain’s automotive sector has been “paddling furiously beneath the water line” to keep supply chains moving, thanks to the new trading arrangement.

Honda Motor Europe’s senior VP, Ian Howells, and chief executive of the Society of Motor Manufacturers and Traders Mikes Hawes told the Business and Brexit Preparedness Committee that Brexit had been an exercise in “damage limitation”.

“It’s too early to speak of any tangible benefits from Brexit, most of the industry is looking at it in terms of damage limitation,” ...