Wake Up to Money Car Numbers Drop After JLR's Emergency Brake
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Oct 24, 2025 In this engaging discussion, Jane Foley, head of FX strategy at Rabobank, and George Ligaris, chief economist and investment strategist at Mazes Wealth Management, delve into the UK’s economic landscape. They dissect the striking 27% drop in car production linked to a cyber attack on Jaguar Land Rover, and unpack the broader economic repercussions it may trigger. The duo also tackles inflation’s hidden aspects, Brexit's impact on growth, and the recent surge in UK stock indices, highlighting its interplay with global trends and AI innovations.
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Inflation Stable But Volatile
- UK inflation held at 3.8% with food inflation easing but remaining high and volatile.
- Weak growth and falling wage inflation suggest the inflation peak may be passing, but supply-chain and weather shocks keep it erratic.
UK Auto Production At Decades Low
- UK car production plunged to its lowest level since the 1950s, driven by longer-term decline as well as shocks.
- Jaguar Land Rover's cyberattack amplified a decade-long fall from 1.5m to ~750k cars per year.
JLR Lost Tens Of Thousands Of Cars
- Charles Tennant estimated JLR lost around 30,000 vehicles during the cyber incident and is still not at full production.
- He warned profits will fall in the coming quarter and supply-chain firms have already suffered lost output and revenue.