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Former BoE deputy governor: ‘Too early’ to say UK economy has shrugged off Brexit vote

SPEAKING in the British parliament on Wednesday (September 7) a former Bank of England Deputy Governor said people are reading too much into recent data which appears to show that the UK’s economy is coping well with its decision to leave the European Union.

“Some of the recent indicators have been greeted a little too enthusiastically. The picture is a bit more mixed,” Charlie Bean told a committee of the British parliament’s upper house, the House of Lords.


“The underlying picture at the moment does not suggest the economy has just shrugged off the Brexit result ... It’s too early to draw a firm conclusion.”

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Jaguar Land Rover

Vehicle production came to a complete halt on September (1) with JLR unable to resume global operations until five weeks later

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Jaguar Land Rover production plunges 43 per cent following devastating cyber attack

Highlights

  • JLR produced only 59,200 cars in final quarter of 2025 compared to 104,400 previous year, down 43 per cent due to cyber attack fallout.
  • Operations halted globally for five weeks from September after August breach described as Britain's most expensive cyber attack.
  • Retail sales plummeted 25 per cent to 79,600 vehicles; company preparing to launch £100,000+ electric Jaguar saloon later this year.

Car production at Jaguar Land Rover plummeted by 45,000 vehicles in the final quarter of 2025 as the British automotive giant struggled with the aftermath of what experts have described as the most expensive cyber attack in British history.

The company revealed total output in the three months to December was down 43 per cent compared to last year, despite restarting factory lines in the second week of October. JLR produced just 59,200 cars in the final quarter of 2025, compared to 104,400 the previous year.

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