To find out more, please read the @clesthinkdo.bsky.social, @neweconomics.bsky.social , @cooperativesuk.bsky.social UK and @thrivingplaces.bsky.social report on ending extraction in care publication.cles.org.uk/ending-extra...

Long-term, we need more resilient, locally-rooted economies with more diverse local economic activities & relationships outside of those large companies like JLR that can dominate a local economy. Diversifying & localising our economies can help better protect our communities from global shocks 4/

Central government needs to listen to local govt, mayors & unions who have called for a range of support packages from furlough to covid-style loans. They also need to think about what devolved powers eg employment and financial support, local govt & mayors need to act fast in future crises 3/

While central government has provided a loan guarantee to JLR and JLR is providing faster payments to suppliers, there's been no direct support to those businesses affected, some of whom have reportedly been asked to put up family homes to access emergency loans. They are staring down the barrel 3/

Factory shutdowns have rippled through Merseyside and the West Mids, hurting businesses who supply everything from car parts to canteen food & local businesses - food trucks, cafes & pubs. A month of lost revenues and won't recover revenues until factories take months to return to full production 2/