UK construction sector rebounds ‘as recession fears fade’; car sales jump 26% – as it happened
Encouraging economic signs as construction activity rises at fastest rate for nine months in February, and UK car market grows for seventh month running
The jump in new car registrations last month comes as confidence grows across the sector, says Mike Hawes, chief executive of the SMMT:
After seven months of growth, it is no surprise that the UK automotive sector is facing the future with growing confidence. It is vital, however, that government takes every opportunity to back the market, which plays a significant role in Britain's economy and net zero ambition.
As we move into new plate month' in March, with more of the latest high-tech cars available, the upcoming Budget must deliver measures that drive this transition, increasing affordability and ease of charging for all.
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