‘It’s so sad that Britain’s new electric car battery factory is already going bankrupt’

As we approach the end of 2022, Mike Rutherford thinks motorists in the UK have never had it so bad

Much as we love it, the car isn’t always the star. Sometimes it’s actually less important than the people, the numbers, and the jobs in and around the automotive business.

First, a handful of (many) developments in growth-obsessed, recession-ravaged Britain as we approach the end of 2022: the population recently hit 68 million (in a land where our road ‘system’ is set up to deal with more like 50 million); the general annual inflation rate hit a 41-year high of 11.1 per cent; and hikes in the prices of new cars, and the petrol, diesel and electricity to power them, are even higher.

Smart FourTwo

As for interest rates, they’re through the roof, too. And with few, if any, ordinary, working-class families able to save up the necessary £40,000(ish) for even a modest, medium-sized new electric car, increasingly expensive loans are more obligatory than optional these days. Yet, as our Government proves, large debts and high interest rates can be ruinous.

If you, dear car user, aren’t miffed at the rocketing MIF (Motoring Inflation Figure), you bloody well should be. The motorist has never had it so bad.

Read more: AutoExpress

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