Professor Bailey from Aston University gave a fair assessment of MG's decision to end limited final assembly in the UK:
'I think MG through Shanghai Automotive's owner have been kind of hanging on there.
They've had a flawed business model in that it was importing virtually the entire car for Longbridge with some very limited assembly, about 40 to 50 workers.
I think what has really scuppered them is the Brexit vote.
They had fundamental business problems in that they were not selling as many cars as they hoped and they had the big import costs of components.
Post Brexit though, with the devaluation of stirling those imports were much more expensive so costs are higher and there is uncertainty about the future on the trading relationships in Europe.
What they had hoped to do was use the UK as a launch pad for selling into Europe. If - big if - we are no longer part of the single market what is the point of investing there?'
Fair comments in my view
'I think MG through Shanghai Automotive's owner have been kind of hanging on there.
They've had a flawed business model in that it was importing virtually the entire car for Longbridge with some very limited assembly, about 40 to 50 workers.
I think what has really scuppered them is the Brexit vote.
They had fundamental business problems in that they were not selling as many cars as they hoped and they had the big import costs of components.
Post Brexit though, with the devaluation of stirling those imports were much more expensive so costs are higher and there is uncertainty about the future on the trading relationships in Europe.
What they had hoped to do was use the UK as a launch pad for selling into Europe. If - big if - we are no longer part of the single market what is the point of investing there?'
Fair comments in my view