Because of Brexit, investment in Britain’s auto industry has dropped by 80% over 3 years, production volume has fallen 9%, and production forecasts are 17% down, according to a report published Wednesday, and if there’s a “no-deal” scenario, Britain will lose 35% of its current volume over the next 10 years.
… Whichever way one looks, it is hard to underestimate the threat Brexit represents to the future of U.K. manufacturing,” Holweg said. There is still a possibility that Britain will leave without a deal on Friday, but a short extension maybe to June 30 is more likely.“In case of a no-deal Brexit we estimate that the U.K. is likely to lose 35% of its current production volume over the coming decade, to a level below 1 million units per annum. This equates to 58% of its peak production volume in 2016,” Holweg said.
I dont think so, is a very biased article, obviously you are against Brexit, but telling us that the car industry will collapse is a lie
No one english citizen knows precisly why they move aut of europe...is one of the most incredible mistake in history ...may be only the trump presidency is at first place
BREXIT properly done would make the British Isles far more productive than it is Now! No 'Milking of Profits and Cherry Picking by EU would be possible! TRUTH BE KNOWN FREE FROM EURO WOULD BE A LONG TERM BOON! Don't believe global press BBCNews BBCWorld BBCBreaking
I thought the consequencs where known
Bentley/rolls Royce/Aston martin/ Forbes do you really think so ? 🤔