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You can't compare total annual industry investment to a single manufacturer project cost. JLR are not going to be investing £1bn in a single year; and they've j
by ealexhudson 7y ago
You can't compare total annual industry investment to a single manufacturer project cost. JLR are not going to be investing £1bn in a single year; and they've just been handed a £500M loan guarantee - if stuff doesn't work out, the taxpayer will be holding a significant chunk of the bag.
You can certainly argue that Brexit isn't the sole cause, but it's definitely a large factor. While the overall market for cars is declining, the switch from ICE to electric should actually stoke demand. Some of the most productive car manufacturing plants in the EU are located in the UK and either being closed or are in danger of closing; if Brexit played no part then it would make no fiscal sense to close British plants.