The consequences of Brexit in the United Kingdom are yet to be understood.

According to foreign media reports, the UK’s largest lobbying group for automobile manufacturing stated on June 26th local time that after the Brexit was released, the current trading plan of the British Prime Minister Theresa May was impractical and the United Kingdom had to leave the European Union. The uncertainty has reduced the new investment in the British automotive industry by half.

Between January 2018 and June 21st, 2018, the newly announced new investment in the development of new plants, machinery, tools and equipment, models and models for the automotive industry fell to 347.3 million pounds (approximately 461 million U.S. dollars), lower than in the first half of 2017 The 647.4 million pounds. Mike Hawes, chief executive of the Association of Automobile Manufacturers and Traders (SMMT), said: "Since negotiations have progressed slowly, the boards of global automakers have become increasingly dissatisfied and the government should reconsider its position in the customs union."

Since the 1980s, the automotive industry is one of the few relatively successful manufacturing industries in the United Kingdom. It has employed more than 800,000 people and created a turnover of 110 billion U.S. dollars, but its future is in jeopardy. It is only nine months before the official Brexit departs in the UK. However, British Prime Minister Theresa May is still struggling to cope with the party’s internal rebellion and trying to reach an agreement with the EU. Therefore, it is still unclear how trade flows.

According to the current timetable, both the United Kingdom and the European Union hope to reach a final Brexit agreement in October to allow sufficient time to ratify the agreement before the British Brexit date in March 2019. However, a small number of diplomats expect the agreement to be in place. Months later. The nature of the future relationship between the UK and the EU is not yet clear, and business leaders are getting more and more nervous. They fear that the UK may withdraw from the EU without reaching an agreement, or that the deals that are concluded will cause trade turmoil.

Last year, about 52% of the United Kingdom’s $1.1 trillion in merchandise trade was signed with the European Union. Therefore, British Prime Minister Theresa May wants to sign a free trade agreement and negotiate an undefined customs arrangement. Try to avoid trade friction.

SMMT Chief Executive Officer Hawes stated that the current position of the British government, namely withdrawal from the EU single market and customs union, will damage the automotive industry. The EU Customs Union has added 28 EU member states to a tax-free zone and imposed import duties on non-EU products.

Hawes said that the current position of the British government directly violates the interests of the British automotive industry. Previously, the British automobile industry has been thriving in the EU single market and customs union. "There is currently no reliable B plan to achieve a customs system without trade frictions; it is unrealistic to expect new trade agreements with other countries to replicate the enormous value brought about by trade with the EU."