Member

To that end, I can inform the House that the deal we have secured secures reductions to the 25% tariffs imposed by the United States on the UK car industry. UK exports to the US will face a lower tariff of 10% for a quota of 100,000 vehicles. That is positive news for iconic British luxury brands such as Aston Martin, Bentley and McLaren, but it is also good news for our country’s largest vehicle manufacturer, Jaguar Land Rover, which employs 34,000 employees directly in the UK, with 135,000 further jobs in its wider supply chain. As the Society of Motor Manufacturers and Traders pointed out, the US is Britain’s second largest car export market. A deal like this was desperately needed to support jobs and economic growth on both sides of the Atlantic.