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UK new car registration shrinks nearly 30 pct in 2020 - World News

2021-01-06 13:35:37 GMT2021-01-06 21:35:37(Beijing Time) Xinhua English LONDON, Jan. 6 (Xinhua) New car registration in Britain plunged by 29.4 percent in 2020 year-on-year to the lowest level since 1992, the British Society of Motor Manufacturers and Traders (SMMT) said Wednesday in a report. In 2020, around 1.63 million new cars were registered a 680,076-unit yearly decline equivalent to some 20.4 billion pounds (about 27.8 billion U.S. dollars), said the report. The year 2020 will be seen as a lost year for automotive (industry), with the sector under (COVID-19) pandemic-enforced shutdown for much of the year and uncertainty over future trading conditions taking their toll, said Mike Hawes, chief executive of the SMMT.

UK businesses feel relief for averting no-deal Brexit

British businesses felt relief for avoiding the no-deal outcome after Britain and the European Union (EU) reached their post-Brexit trade agreement in the last-minute negotiations, expecting more details to be rolled out soon.Adam Marshall, .

Spotlight: UK businesses feel relief for averting no-deal Brexit, expecting more details

1:38 AM MYT LONDON, Dec. 24 (Xinhua) British businesses on Thursday felt relief for avoiding the no-deal outcome after Britain and the European Union (EU) reached their post-Brexit trade agreement in the last-minute negotiations, expecting more details to be rolled out soon. Adam Marshall, director general at British Chambers of Commerce, said, The UK-EU agreement is officially done. Relief for many weary, worried businesses that a no deal outcome has been averted. Marshall said that it is the time now to scrutinise and understand the detail and ensure businesses have the practical information they need to trade successfully from Jan. 1 (2021).

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