A reminder of reality: 1,400 Ford jobs at risk

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As politicians and pundits welcome the GDP figures, a reminder of how tricky this recovery is going to be emerges.

Ford Transit Assembly Plant in Southampton
Ford Transit Assembly Plant in Southampton Credit: Chris Ison/PA Wire

Ford has announced this afternoon that 1,400 jobs are at risk with the closure of its Southampton Transit van plant, and one of its sites at Dagenham in Essex.

I understand the company hopes the bulk of the redundancies will be voluntary and find work for some in other parts of the company.

But with the firm hit by a deep dip in demand from Europe, the news is a reminder of the big problems the economy still faces.