UK car investment slumps over 70% on no-deal Brexit fears

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Investment in Britain's car sector fell by more than 70 percent in the firs...

LONDON - Investment in Britain’s car sector fell by more than 70 percent in the first half of the year due to concerns about a disorderly Brexit, an industry body said on Wednesday, warning that leaving the EU without an agreement was the “worst outcome”.

Investment fell to 90 million pounds in the first half of 2019 compared to 347.3 million pounds in the same period in 2018 and 647.4 million in the first half of 2017, the Society of Motor Manufacturers and Traders said.“The worst outcome would be no-deal. That’s what they fear, that is why they’re not investing.”

Brexiteers have long argued that Germany, Europe’s biggest economy, which exports hundreds of thousands of cars to Britain, will do its utmost to protect that trade, while the British government under Johnson is now ramping up preparations and has said it could help affected sectors.

 

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Now tell us what it is in Germany, France and Japan.

Who WAS that Brexit idiot, tRump? No, his name is Johnson.

What a load of BS.

That’s the point. U can’t use that as a sign of failing cause u want ppl to drive less....for the environment so really anyone want to fix the environment should vote brexit as it will slow down pollution

Same with the rest of the world

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