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Manufacturing To Shed Another 23,000 Jobs By September

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Companies cut jobs as prospects grow brighter

By Roland Gribben

(Filed: 07/08/2006)

Manufacturing companies are expected to shed another 23,000 jobs in the three months to the end of September despite the first signs of a recovery in output for 18 months, say researchers.
The pointer to a further rise in the jobless total is underlined in another survey showing a similar trend among small businesses with employers continuing to cut jobs against the background of a slight business recovery.
The manufacturing analysis, in a survey of regional trends produced by the CBI and Experian,
predicts substantial job losses in London and the South East (7,000)
and the East and West Midlands (6,000).
Most regions enjoyed a rise in output over the last three months,
but the survey says the recovery is fragile and patchy

With sterling soaring against the Euro, Yen, Dollar, Swiss Franc, Yuan the hope for our exports are catastrophic. Unemployment is the trigger IMO. No jobs = no mortgage payments = sell house quick. 1989 here we come again.... :o

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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