Welcome to A Long Time In Finance; the long view of finance, markets and money as seen by two veteran City editors, Neil Collins and Jonathan Ford. Sponsored by Briefcase.News and hosted on Reaction.
The car in front? These days it’s likely to be a Tesla – or Chinese. Britain’s car industry built just 775,000 motors last year, the lowest figure since 1956. Dwindling investment means we increasingly lack the wherewithal to take part in the unfolding electric revolution. Amid a picture of unremitting gloom, Neil and Jonathan talk to Peter Wells, Director of the Centre for Automotive Industry Research at Cardiff University about the scale of the problem and what can be done.
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