 UK economy |
| Search News |
|
|
| Find an IFA |
|
|
| Browse |
|
| UK Spotlight |
News that Alex Salmond, the leader of the ruling SNP in Scotland, has been somewhat liberal with his recent comments about housing budgets and assistance has caught the attention of opposition...
→
Read More
|
|
| Disclaimer |
| Financialadvice.co.uk adheres to the Financial
Services and Markets Act 2000. This site contains only factual and
readily available public information. |
|
|
| |
|
|
|
|
Monday 2nd June 2008
In what many are seeing as another nail in the coffin of the UK economy it has been revealed that manufacturing growth came to a halt after a steady three year recovery in the sector. While not wholly unexpected, the surprisingly sharp deterioration in trade was a shock to many as was the news that a whole host of manufacturing jobs are now at serious risk. It seems that the manufacturing industry will be the first to make serious cuts into employment figures.
This is the worst case scenario so soon in the economic cycle, a cycle which is seeing the UK economy coming under increased pressure on a daily basis from all angles. Rising cost inflation which cannot be passed onto the consumer, slowing demand and a dire outlook are not filling those in the sector with joy. This is a sector which after being out of favour for many years had started to see the light, had started to recover and had become competitive again.
This latest survey is a prime example of how the economy can move so quickly, how industries can be affected overnight and what the sector is up against. As many companies throw their expansion plans out of the window, survival will become the main issue for many. |
→ Full UK economy News Archive
→ Return to Homepage |
|
|
|
| Other top stories in this section:
|
|
|
|
.gif)
(1).gif)
.gif)
