With investment down 80% in past three years, industry faces ‘death by a thousand cuts’
Car production in Britain could collapse by almost half by the mid-2020s in a no-deal Brexit scenario, with plant closures triggering job losses across the country, according to an Oxford University study.
Matthias Holweg, an automotive expert at Oxford, said Britain leaving the EU without a deal and trading on World Trade Organization terms would trigger a big fall in output.