Aston Martin unafraid of no-deal Brexit

BRITAIN’S car trade would benefit from a no-deal Brexit, the head of Aston Martin has said.

Andy Palmer, chief executive of the car maker, said any tariff barrier that was introduced would “even itself out” and that Britain’s exports would get a boost if the pound fell in value.

It comes as Aston Martin, whose main shareholders are an Italian investment fund and Kuwaiti investors, announced plans to float on the London Stock Exchange next month.

Mr Palmer said he wasn’t afraid of the UK leaving the European Union without a deal. “If a tariff barrier went in place it would even itself out, and we would probably benefit from a weaker pound,” he said. “The benefit of investing in Aston Martin is insulation from these macro-changes. We know how to get across borders.”