WATCH: "We Want Our Country Back"

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New MINI is great boost for Oxford

Speaking at the launch of the New MINI built in BMW's MINI Plant Oxford, local Euro-MP Catherine Bearder, said:

key_mini.png"The investment to build this new car is great for Oxford and the UK.

"It secures local jobs for the future and keeps Oxford where it belongs, at the heart of the world's car-making industry.

"It was fantastic to see the launch of the new car in its birthplace. The automotive industry is such an important part of British manufacturing."

In total, the industry employs 720,000 people in the UK and constituted 9.2% of UK exports of goods in 2011.

Catherine added:

"40% of all vehicles manufactured in the UK are exported to the EU. As the UK is a member of the European Union, our exporters pay no import taxes and have the same regulations allowing unhindered export of vehicles.

"However, if we leave the EU, our vehicle exports could face a 10% tariff for cars and a 22% tariff for some larger vehicles."

This month, the Nissan Chief Exectuitve announced they will reconsider their investment in the UK if Britain leaves the European Union.

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