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Podcast: Beyond Currency
Episode: 29 April 2022 - New car registrations fall by almost 15%
Description: One sector of the economy that has been particularly hard hit is vehicle production.
Although the days of huge plants supplying the country with all the vehicles it needed are long gone, it is nevertheless still an important sector.
The decimation of the UK vehicle industry tells the story of the rise of manufacturing capability in the far east and the inability of the developed world to compete.
While this is not limited to the UK, other countries like France and Italy do still have significant vehicle sectors, although they have seen the benefit of partnering up.
The global shortage...