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In the News

Deindustrialisation in the UK - UK car industry under threat

Geoff Riley

31st March 2023

An established player in the UK car industry has suggested that the UK is on the point of entering the last chance saloon as far as its car industry is concerned.

Please read this article

Given US and EU moves to subsidise green technology, he's concerned that the UK government hasn't done enough to help the sector and, without state support, he believes that many of them could leave and move elsewhere. Without decisive moves to encourage firms to produce electric vehicles, he's of the view that all that remains is the prospect of a managed decline.

  • 775,000 cars were produced in the UK in 2022 down from 1.7 million in 2016
  • This is the lowest annual output since 1956
  • Shortages of key components including semi-conductors
  • 1/3rd of new cars produced were electric vehicles

Geoff Riley

Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

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