Why would anyone invest in the UK when tariffs and border delays could cause chaos?
The car industry is in the early stages of a massive shakeout and the evidence is that Britain will be one of the biggest losers. Ford’s closure of its Bridgend engine plant from September next year, which the US firm announced last week, is just the latest instance of the UK’s largely foreign-owned car industry shutting up shop.
Honda announced in February that it planned to shut its Swindon plant in 2021 with the loss of 3,500 jobs. In the same month, Nissan reversed its decision to build the new X-Trail vehicle at its Sunderland plant.