TsarBomba wrote:Yeah, but 'we've taken back control'. That's all that matters, eh? Regardless of the consequences.

The UK will be an industrial wasteland, but it'll be a red, white and blue wasteland, all of our own making.

The key issue with many of these plant closures has not only been the loss of manufacturing and historic car brands from Britain, but the loss of jobs as a result of these closures. When the Jaguar manufacturing plant in Coventry closed in 2005, there were around 400 manufacturing job losses and a huge 750 administrative job losses: a significant number for the West Midlands, an area that has suffered sustained industrial decline for a number of decades.
The movement of manufacture for industries like car production is also part of a wider movement from national industry to international industry, contemporary products no longer just come from one place but instead different components come from different places, and are designed, made and constructed in a number of different countries. Rather than the problems we associate with British car manufacture being unique to that industry, the problems are faced by a number of different industries that are finding it difficult to sustain the costs of UK manufacture and labour compared to the cheaper costs that can be found in other countries – despite the poor working conditions that are likely to be found there.

BennyD wrote:Just the remoaners remoaning. Move along, there's nothing see here.

nil_desperandum wrote: From the article:
"“It’s very difficult to cost investment if you don’t know what your output price is going to be,” said Mike Hawes, chief executive of the SMMT, pointing to Brexit-related uncertainty. “The industry wants a lot more certainty.”

...

Pretty much everyone agrees that uncertainty is the biggest issue.

dsr wrote:Which is why we should have joined the Euro. At least, I would assume so - because we know within quite a small margin what the tariff will be on imports and exports, while the Euro exchange rate is likely to fluctuate much more than that.

dsr wrote:Which is why we should have joined the Euro. At least, I would assume so - because we know within quite a small margin what the tariff will be on imports and exports, while the Euro exchange rate is likely to fluctuate much more than that.

hampsteadclaret wrote:stop talking Britain down

hampsteadclaret wrote:stop talking Britain down

RingoMcCartney wrote:Perhaps investment is cyclical?

Meanwhile Rolls Royce announce, "once in a lifetime investment"

https://www.ft.com/content/64f64bdc-5c9 ... 55f264aa8b" onclick="window.open(this.href);return false;


More than 7,000 jobs are being safeguarded at Rolls-Royce after the group announced its biggest single investment in the UK for more than a decade

https://www.ft.com/content/64f64bdc-5c9 ... 55f264aa8b" onclick="window.open(this.href);return false;

It's not all doom n remoan.

tim_noone wrote:Is that in relation to the aerospace industry as opposed to the car makers?

BennyD wrote:Which is why we should have joined the Euro? Really?! Have you learned nothing?!!!

tim_noone wrote:Is that in relation to the aerospace industry as opposed to the car makers?

Imploding Turtle wrote:Don't be dafts. Clearly we're all driving Rolls Royce's.

Walton wrote:Shocking figures reported in the Financial Times in respect of investment in the UK car industry.

In 2015 £2.5bn was invested by manufacturers
In 2016, this fell to £1.66bn.

So far this year, just £332m has been invested in the industry, with £240m of that coming from one retooling project.

Brexit is proving to be catastrophic, already.

Firthy wrote: This what happens when you have a minimum wage, health and safety, taxes etc

Most manufacturers...
...indian call centres

CombatClaret wrote:Call centers are a service industry not manufacturing.

Poor us for having a high standard of living.
Health and safety; I'm proud we're the the only country in the last several decades which has put on an Olympics without killing a labourer.

Top Claret wrote:The Times is very anti Brexit and all their articles have that slant. I certainly don't believe for 1 minute that this is fake, but they never print anything positive about brexit.

They Times got the economy wrong 12months ago and lets hope they get it wrong this time, concerning investment

FulledgeClaret wrote:The car industry has had Billions invested in the last few years its inevitable that investment would slow once the necessary improvements were made, why build a new manufacturing plant or state of the art engine development centre just for fun if they already exist and another isn't needed.

Claretincraven wrote:About a fortnight ago Jaguar Land Rover announced they were recruiting 5,000 new staff, a 15% increase in staff numbers.
Forgive me if I am wrong but I don't recall you posting that news.

UpTheBeehole wrote:The article says that last year's £1.66bn was the lowest on record. That figure for this year of £322m is absolutely miles off even that, with just 6 months left.

It's crystal clear that Brexit is to blame for this.

I just wish Leavers would wake up and see the damage they're doing to the UK.

Lancasterclaret wrote:The Times?

The Times is anti-Brexit?

THE TIMES?

Yeah, course it is

Clarets4me wrote:Some highly selective doom mongering here...

Thirdly, the majority of Formula One teams are based in the UK, including even Mercedes, who build their racing engines in Northampton. It's estimated that 4,000 British firms are involved in the F1 supply chain. JCB, Construction vehicles and plant, are another success story, with sales exceeding £2.3bn, and 80% of it's output being exported.....

dsr wrote:Why do we hear so much about what might happen, and relatively little about what is happening?