“BMW is to axe all UK production of the award-winning electric Mini and relocate it to China, dealing a major blow to hopes that Britain could be a global hub for zero-emission vehicle manufacture.

BMW makes 40,000 electric Minis per year at its Cowley factory on the outskirts of Oxford.”

Analyst Comment: Many European politicians seem to be operating under the delusion that industry will simply turn back on after this current energy crisis is over. In reality, manufacturers and industrial operators are moving their operations to the US, China and other countries. Those jobs and tax revenue are not coming back. The fallout from this will last decades.