Bank of England: “British economy staggers due to cyberattack on Jaguar Land Rover”
The United Kingdom’s Gross Domestic Product (GDP) has grown 0.2% in the third quarter of 2025, which is less than expected. According to the Bank of England, this is partly due to the cyberattack on Jaguar Land Rover.
The United Kingdom’s Gross Domestic Product (GDP) has grown 0.2% in the third quarter of 2025, which is less than expected. According to the Bank of England, this is partly due to the cyberattack on Jaguar Land Rover.
Back in September, British car manufacturer Jaguar Land Rover was targeted by hackers.
The cyberattack severely crippled the company’s production activities, forcing it to shut down factories in Halewood, Solihull, and Wolverhampton. Due to the production shutdown, employees were required to stay at home.
To make sure that Jaguar Land Rover and other companies in the supply chain wouldn’t go out of business or have to lay off workers, the British government backed the car manufacturer with a £1.5 billion loan. Secretary of State for Business and Trade Peter Kyle stated that the loan will be repaid within five years.
“This cyberattack was not only an assault on an iconic British brand, but on our world-leading automotive sector and the men and women whose livelihoods depend on it. This loan guarantee will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside, and throughout the UK,” Secretary Kyle stated at the time.
Despite the Secretary’s loan to save the UK’s car manufacturing industry, the British economy’s growth was somewhat disappointing.
According to the Bank of England, the underlying GDP growth has been subdued over recent quarters. The GDP is projected to have grown 0.2% in Q3 of 2025, which is less than expected compared to the Bank of England’s previous report. This is attributed to the cyberattack on Jaguar Land Rover and weaker-than-expected growth in exports to the US.
The good news is that the GDP growth is expected to pick up to 0.3% in Q4.
The Cyber Monitoring Centre (CMC), an independent, non-profit organization that analyzes and categorizes cyber events that impact organizations in the United Kingdom, recently calculated that the cyberattack on Jaguar Land Rover is the “most damaging event” in the history of the UK.
“This event demonstrates how a cyberattack on a single manufacturer can reverberate across regions and industries, from suppliers to transport and retail, and underscores the strategic importance of cyber resilience in the UK’s industrial base,” researchers concluded.
Unlock more exclusive Cybernews content on YouTube.