Extract from Second reading (and remaining stages) (Lords) of the Finance Bill - July 17
Saturday, 18 July 2020 09:01
Baroness Kennedy of Cradley (Non-Afl) [V]:...As others have noted,
our manufacturing sector faces what many employers are privately
warning is a tsunami of job losses. It is tragic to read that,
because of the economic shock of Covid-19, many in the
manufacturing industries now expect their recovery to take 12 to 24
months. Across the West Midlands, nearly 300,000 people in
manufacturing, construction and the car trade are furloughed. To
put this into perspective, this is equivalent to the...Request free trial
(Non-Afl) [V]:...As others have noted, our
manufacturing sector faces what many employers are privately
warning is a tsunami of job losses. It is tragic to read that,
because of the economic shock of Covid-19, many in the
manufacturing industries now expect their recovery to take 12 to 24
months. Across the West Midlands, nearly 300,000 people in
manufacturing, construction and the car trade are furloughed. To
put this into perspective, this is equivalent to the entire
population of Dudley borough not being at work. Across the country,
nearly 8,000 manufacturing jobs losses have already been announced
by world-leading companies such as Rolls-Royce
McLaren, Aston Martin, Jaguar Land Rover and Arlington Automotive.
The Government need to do more and act now to save our
manufacturing base...
To read the whole debate, CLICK HERE
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