Brexit and the British Automotive Industry

The British automotive industry currently employs 860,000 people, down from 1,140,000 at the beginning of 2016. This includes 180,000 people directly employed in manufacturing cars, down from 210,000 in 2016. The impact on the economy and the balance between import and export is clear from the balance between 79 billion pound in annual turnover adding only 15 billion pound in GDP value. A whopping 64 billion pound…