MP, Shadow
Chancellor, responding to analysis by the ONS
showing the manufacturing sector is still smaller than it was
before 2008, said:
“These figures show that the Tories have utterly failed over nine
long years to provide a vision, or meaningful support, for our
manufacturing sector.
“And now their Brexit bungling is leading to manufacturers
cutting jobs and leaving the UK.
“A Labour Government will establish a National Investment Bank, a
National Transformation Fund, and an ambitious industrial
strategy to rebuild our economy.”
Ends
Notes to Editors:
- · ONS
‘Manufacturing sector performance, UK: 2008 to 2018’ release
shows that the manufacturing sector finished the decade in 2018
2.7% below its level in the first quarter of
2008: https://www.ons.gov.uk/businessindustryandtrade/manufacturingandproductionindustry/articles/manufacturingsectorperformanceuk/2008to2018
- · The
ONS release shows major negative contributions across printing
and reproduction of recorded media, pharmaceutical products,
manufacture of basic metals, manufacture of fabricated metal
products, and other machinery and equipment – all contributed
negative percentage points of growth across the decade.
- · The
release also confirms that the manufacturing sector lost 1% of
its value from the first quarter of 2018 to the fourth quarter of
2018.
