New changes to government policy likely to impact UK car market

Just days after the election of new Prime Minister Sir Keir Starmer, a completely new Cabinet has been appointed and significant policy changes have been introduced. And as he rapidly develops and implements plans to manage the economy, the car industry remains at the heart of the UK’s industrial strategy. For example, talks are ongoing with steelmakers, and Energy Secretary Ed Milliband has reversed the previous government’s ban on onshore wind farms. Of course, raw materials such as steel and energy have a direct impact on both vehicle production and the car parts market.