, 5 tweets, 1 min read Read on Twitter
It is pretty obvious decisions by the likes of Ford and Honda have a Brexit dimension, but that Brexit isn't the whole story. However the threat of tariffs and other barriers from no-deal wiping out profit margins is likely to focus minds.
There's a less visible story, and that is the UK's success in the car sector has been build over 30+ years. I see no evidence that we are building or even thinking about anything even remotely on the same scale - from any political party.
As we know from the 1980s the loss of major employers hits communities hard. Hi-tech clusters in London and university dominated areas aren't replacements, both need to be part of our story.
In three years since the Brexit vote, and the year before, we have seen no coherent vision of what we're going to export to who in the future. Trade deals, who, why? Politics and economics are estranged, and that is already costing us growth. /ends
PS - it is the lack of direction that make both no-deal and the proposed deal inadequate - because both mean future uncertainty and politics dominating economics. The UK urgently needs a Brexit destination that we can develop an economy around
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