A motorbike firm which said the UK would thrive outside of the European Union has gone into administration just days after the divorce was officially settled.
Norton Motorcycles has hit the rocks after reportedly struggling to pay a tax bill, with the owner also blaming Brexit uncertainty for the firm’s demise.
In September 2018 Stuart Garner had claimed he had no fears about Brexit, saying that it would be a “huge opportunity” to negotiate trade deals around the globe.
He claimed that the UK was better prepared for Brexit than the media would have us believe.
“It’s what the country voted for so let’s get on with it,” he told the Leicester Mercury.
Commenting on the future for his iconic British business, he said: “I believe we will thrive outside the EU. There may be some short-term speed bumps but we’ll come out of it stronger.
“We’re a strong-willed nation and will make it succeed.”
He added: “And I don’t buy the media line that we are unprepared for Brexit.”
A year ago, Stephen Barclay, the outgoing Brexit Secretary, said Norton was an example of a “great business” that would thrive when Britain leaves the EU.
Related: Dominic Raab backed efforts to “defend media freedom” just days before press walk out
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .
