Transport

Brexit not the reason behind the decline of the British car industry


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Lifestyle Economics
Lifestyle Economics

Chris Snowdon writes for Spiked

Keith Boyfield writes for City AM

Keith Boyfield, IEA Research Fellow, writes for City AM on the troubles facing the British car industry.

Keith notes that the performance of the pound against the Euro means sterling-priced cars are very attractive to buyers in the Eurozone, meaning Brexit cannot be to blame for poor sales.

More likely, he suggests, that improvements in public transportation and internet speeds mean people have other options when traveling or are more likely to work from home, meaning there is less incentive to own a vehicle.

Read the full piece here.



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