Monday, March 2, 2009

I thought we were to manufacture our way out of recession!

Factory downturn 'accelerating'

Looks like the plunge in Sterling caused by Gordon's stupid interest rate cuts was in vain. Despite the fall in Sterling the downturn in factory output in the UK is accelerating. Time to put rates and Sterling back up. As most of our service industry in reliant on imported physical goods, I suggest this Sterling weakness is doing more harm than good.

Posted by mikelivingstone @ 07:29 AM (658 views)
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2 thoughts on “I thought we were to manufacture our way out of recession!

  • I’m interviewing for a job on the EU mainland this afternoon. I’m getting out – Jim Rodgers is right – we really don’t have anything to sell.

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  • Gordon Brown has never done a real days work in his life, he knows nothing about manufacturing or service industries. He and his nincompoop ministers have destroyed the UK with their uneducated notions, laws and policies. NU Labour has screwed us all.

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