and yet the chief executive of the smmt has also pointed to the fa ct of the smmt has also pointed to that uk car manufacturing is hugely reliant on oui’ manufacturing is hugely reliant on our ability to export, doesn't it? that's what helped make these numbers better than they might otherwise have been. absolutely, and june isa otherwise have been. absolutely, and june is a perfect example, really, of why you should neverjudge one in isolation, so we always look at the longer—term picture. and in actual fa ct, longer—term picture. and in actual fact, for the year—to—date in the first six months, outputs are pretty stable, really. it down about 3% year—to—date compared with last year. but you're absolutely right, we are in export led industry. eight out of every ten cars that we produce here are shipped overseas, so there's great international demand for our products, and we saw that broke in june demand for our products, and we saw that broke injune and we are seeing that broke injune and we are seeing that demand continues to white so, because of that reliant to export in the car in

emma butcher there from the smmt.r results from some well—known names today — associated british foods, which owns the budget clothes store primark, and one of its rivals, superdry. abf has disappointed the market. it's got problems with sugar as prices are falling and primark, while still growing, looks like it won't be growing as fast as hopoed. as for superdry, its results look very good. joining us now is michael ingram, chief market strategist at wh ireland. first, on the car story. jaguar land rover, perhaps the biggest, but not the only one. this is pretty worrying, what they are saying, isn't it, what they are saying about problems throughout the car industry, which we have already known about, really, if they are is a high brexit, as they say. yes, indeed, dire warnings from ralph speth, and it comes on the heels of similar warnings from companies such as bmw and airbus last week. 80% of jl are's production gersbach sport. you mentioned some very big numbers in terms of maybe a £1.2 billion hit two jl are's p