Qualified advisers answering your
Financial Questions
call 0800 092 1245

Is the UK car manufacturing industry finished?

Only last month we saw a 60% slump in the number of cars manufactured in the UK which adds further fuel to the fire of a declining industry over the last few months. Despite a number of attempts to obtain short-term capital injections from the UK government it would appear that the UK car manufacturing and car retail industries have been left to fend for themselves. Despite the fact that these industries employ tens of thousands of people throughout the UK it appears as though the UK government is stalling on forwarding much needed capital.

The problem now is the fact that the industry as a whole has been severely weakened to date and even if the government was forthcoming with substantial investment tomorrow this may not be enough to save some failing businesses. When you look back 10 or 20 years at the worldwide car manufacturing industry there have been significant changes and the U.K.'s place at the top table has certainly been taken away.

The UK car manufacturing industry is dominated by foreign companies who are often attracted by a significant UK government investment but are today being left to their own devices. As and when the industry does recover will foreign companies really wish to participate in the UK economy which is controlled by a UK government that was unwilling to assist in times of great need?

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details