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Surge in luxury car imports ahead of Brexit'.

THE number of luxury cars imported into the UK from the EU increased by 16% in the past year, a new study suggests.

The rise was blamed on the prospect of added taxes in the event of the UK leaving the EU without a deal.

More than 3,800 luxury cars were imported in the past year, compared with 3,297 in the previous 12 months, said law firm Boodle Hatfield.

Fred Clark, of Boodle Hatfield, said: "A no-deal Brexit could mean luxury car imports become 32% more expensive overnight.

"There is a possibility that moving cars into and out of the UK will become more difficult if the UK leaves the EU with no deal.

"More individuals are now taking that risk seriously and bringing vehicles into the UK from the EU."

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Publication:Daily Post (Conwy, Wales)
Geographic Code:4EUUK
Date:Aug 15, 2019
Previous Article:What is Clearing and what do I need to know about the process?

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