Honda UK warns MPs of consequences of leaving EU customs union

Car industry says border checks would be ‘challenging’, tariffs costly and an end to regulatory approval ‘semi-catastrophic’

The devastating impact of a hard Brexit on the UK car industry was laid bare on Tuesday to MPs, who were told every 15 minutes of customs delays would cost some manufacturers up to £850,000 a year.Presenting the industry’s most detailed evidence yet to the business select committee, Honda UK said it relied on 350 trucks a day arriving from Europe to keep its giant Swindon factory operating, with just an hour’s worth of parts being held on the production line.The Japanese-owned company said it...