British Market: Year and Brexit Uncertainty

british market: Production for the British market fell by 16.3%. Investment into British car manufacturing almost halved during the year to 588.6m, a fall which the SMMT blamed on Brexit uncertainty, according to The Guardian. Publicly announced investments were lower than in any year since 2012, the first year comparable data was collected. UK car factories produced 1.52m vehicles last year, 9.1% fewer than 2017, according to figures published on Thursday by the Society of Motor Manufacturers and Traders SMMT the UK auto industry lobby group. Car production Investment is effectively stalled, said Mike Hawes, the SMMT's chief executive. Business is sitting on its hands in terms of investment. Industry is waiting to see what happens. (news.financializer.com). As reported in the news.