Latest / Best of Business / Gavin Grey: UK correspondent on the rules around electric cars getting relaxed following Trump tariffs

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Gavin Grey: UK correspondent on the rules around electric cars getting relaxed following Trump tariffs · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks. It'd be
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  Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.
• 0:17
  Speaker 2: Ryan Bridge over in the UK, the Brits have wanted
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  Speaker 2: by twenty thirty to stop selling pittrol and diesel cars.
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  Speaker 2: They bend it in fact, but Kis Starmer has done
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  Speaker 2: a speech It could all change. Gavin Gray, a UK correspondent,
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  Speaker 2: Gavin good evening.
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  Speaker 3: Hither Ryan, Yeah, it's going to be an interesting one.
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  Speaker 3: Where do you to hear from him? Shortly? This is
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  Speaker 3: all about trying to help the car manufacturing industry here
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  Speaker 3: in the UK survive those tariffs that America impost America
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  Speaker 3: a very very big market for the UK car industry.
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  Speaker 3: So what we believe Kis Starmer will do is while
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  Speaker 3: keeping that general twenty thirty ban on the sale of
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  Speaker 3: cars powder by petrol and diesel, keeping that in place
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  Speaker 3: these targets for every year until twenty thirty, saying how
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  Speaker 3: many electric vehicles must be sold by each manufacturer before
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  Speaker 3: they get fined. Those are likely to be relaxed. So
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  Speaker 3: currently we have a system where each manufacturer is told
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  Speaker 3: you have to sell this many electric vehicles. If you
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  Speaker 3: don't sell this many then you basically get fined, and
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  Speaker 3: that's led to some of them having to almost stop
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  Speaker 3: the sales of petrol and diesel cars that they might
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  Speaker 3: have sold in order to push and promote the electric vehicles.
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  Speaker 3: We believe secure STARM is going to change that. We
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  Speaker 3: also think that he's going to look at trying to
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  Speaker 3: put safeguards on the steel industry here, and the big
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  Speaker 3: theory is that we will become, along with other nations,
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  Speaker 3: are dumping ground for steel, cheaper steel, particularly from China
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  Speaker 3: that will no longer get into America. So we're expecting
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  Speaker 3: the announcement of some kind of safeguard for there, and
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  Speaker 3: we also think they're going to bring forward investment announcements
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  Speaker 3: now in order to try and get the country growing
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  Speaker 3: using the steel that we've got and trying to keep
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  Speaker 3: people in work. We also are waiting to hear We
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  Speaker 3: understand that the apparently the government believes a deal, a
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  Speaker 3: trade deal with India is now not far away, with
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  Speaker 3: pressure particularly on India as well hit by a twenty
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  Speaker 3: six percent tariff by the US, and we believe that
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  Speaker 3: deal could well be announced over the coming weeks, but
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  Speaker 3: pressure to get that deal done and get it done quickly, all.
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  Speaker 2: Right, what about these two UK in peace. What's the
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  Speaker 2: story with them? They're trying it into the occupied Wist Bend,
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  Speaker 2: going through Israel and denied intry to Israel.
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  Speaker 3: Yeah, that's right. So Abtizan Mohammad and yuang Yan both
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  Speaker 3: were on a trip to the occupied West Bank. They
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  Speaker 3: said they wanted a witness first hand the situation and
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  Speaker 3: were stopped at the airport. Now Israel said that, you know,
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  Speaker 3: we believe these two were effectively going to create speech
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  Speaker 3: that would have caused a great deal of concern and
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  Speaker 3: might have been of significant security concerns to their country.
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  Speaker 3: And both have made speeches in parliament criticizing the situation
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  Speaker 3: in Gaza and heavily criticizing Israel. But the idea that
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  Speaker 3: two existing members of parliament deemed good enough for parliament
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  Speaker 3: but not deemed good enough to enter Israel has caused,
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  Speaker 3: as you can imagine, quite a bit of shock. They
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  Speaker 3: said they were in shock, and the Foreign Secretary says
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  Speaker 3: that it's been really poor judgment by the Israelis to
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  Speaker 3: do this and very concerning. But interestingly, the leader of
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  Speaker 3: the conservative parties have said, well, Israel's got every right
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  Speaker 3: to defend there and control their own borders, and the
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  Speaker 3: fact that we've got a couple of labor MPs who
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  Speaker 3: can't even get into a certain country is really really worrying.
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  Speaker 3: Now people have roundly condemned her, saying she should be
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  Speaker 3: supporting free speech, she should be supporting this pair either way,
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  Speaker 3: a bit of a muddle run.
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  Speaker 2: You've got a new tunnel under the River Thames too,
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  Speaker 2: haven't you.
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  Speaker 3: Yeah, expensive though, so these new tunnels pretty few and
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  Speaker 3: far between. This one called the Blackwall Tunnel set in
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  Speaker 3: East London meant to really ease congestion over the very
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  Speaker 3: very significantly busy roads that affect it, and the Blackwall
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  Speaker 3: Tunnel near and so this new one called the Silvertown
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  Speaker 3: Tunnel is going to link East London to Southeast London.
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  Speaker 3: It comes though, at a cost of almost five billion
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  Speaker 3: New Zealand dollars. How are we going to pay for that? Well,
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  Speaker 3: it's done by private finance, meaning everyone that uses it
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  Speaker 3: is going to have to pay a toll. Interestingly, the
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  Speaker 3: toll varies according to the time of day and the
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  Speaker 3: day you want to use it. They've decided this new
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  Speaker 3: sort of system of pricing is the way forward, called
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  Speaker 3: dynamic pricing here and they say it will significantly reduce
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  Speaker 3: journey times, taking some twenty minutes off that journey through
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  Speaker 3: the old tunnel. But environmental it's not happy, saying it's
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  Speaker 3: encouraging people to use the car and not bicycle or
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  Speaker 3: any other mode of transport.
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  Speaker 2: All right, Gevin, thanks for that, Appreciate your time, Gevin Gray,
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  Speaker 2: a UK correspondent.
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