Greg Smith

Greg Smith

Conservative — Mid Buckinghamshire

Speaking in the House of Commons on 30 January 2025

Debate

Business Confidence

Contribution

I begin by drawing attention to my entry in the Register of Members’ Financial Interests. When consumer confidence is low, business confidence is low, and nowhere is that more visible than in our automotive sector, with UK car production slumping to its lowest level since 1954. Autocar magazine warned today that the zero emission vehicle mandate “is currently the industry’s biggest headache, as…consumer demand is not there to meet the stringent regulations which are increasing each year.” When policy fails, it is sensible to admit it and change course. Will the Minister accept that the ZEV mandate flies in the face of what consumers actually want, and that a radically different path is required to boost business confidence in our automotive sector?

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