Join us Read
Listen
Watch
Book
Capital Economy, Business and Finance

Rubber, road

Rubber, road

The maker of Vauxhall, Peugeot and Citroen cars says it will have to close UK factories and move them to the EU if Westminster can’t negotiate a new Brexit deal with Brussels. The proximate causes of the ultimatum are the rules of origin enmeshed in the current deal which comes into force next year and will mean steep tariffs on electric vans exported to Europe because not enough of their parts come from the UK or EU. The underlying reason, of course, is Brexit, which ended tariff-free trade in all goods with all EU countries and forced the UK to renegotiate European free trade deals with dozens more. Remember Nissan’s agreement to stay in Sunderland soon after the referendum? It turns out you can’t buy off all the carmakers all the time.

Photograph Chris Ratcliffe/Bloomberg via Getty Images


Enjoyed this article?

Sign up to the Daily Sensemaker Newsletter

A free newsletter from Tortoise. Take once a day for greater clarity.



Tortoise logo

A free newsletter from Tortoise. Take once a day for greater clarity.



Tortoise logo

Download the Tortoise App

Download the free Tortoise app to read the Daily Sensemaker and listen to all our audio stories and investigations in high-fidelity.

App Store Google Play Store

Follow:


Copyright © 2026 Tortoise Media

All Rights Reserved