Uk manufacturing

https://www.ons.gov.uk/economy/economicoutputandproductivity/output/timeseries/k27q/diop

I would be more concerned if there wasn't a bounce, it depends how much steam there is in this bounce but look at the trends long term - manufacturing has been nobbled in this country as we have chased financialisation of the economy and rent seeking.

It is all the EUs fault that Tory neoliberal policy has led to a 40 year decline of manufacturing.

obv now we have left the EU manufacturing will soar in this country (not)
 
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In a free market economy this will encourage alternate sources of procurement, maybe another EU/non EU country, and God Forbid, it may even encourage local UK manufacture. Everything is changing.
not much of a free market -the UK as just been cut off from a frictionless market of $16trillion.

brexit is the opposite of a free market, it has made it more of an isolationist economy.

there wont be more UK manufacture -we are more likely to see deregulation of banking and so more of the economy moving to service
 
Rishi's tax breaks on capital equipment

My question is why did the Tory party doggedly claim austerity was the way out of the banking crisis -yet you are pointing out the economy couldve grown had the UK govt encourage businesses to invest.
 
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Interesting. Going forward what impact will this have on your cashflow? Are you expecting suppliers to squeeze their payment terms and customers asking for extensions to credit?
We’re in the fortunate position of being cash rich with minimal borrowing, so the new machine will be a cash purchase. However, most of our customers use finance to buy our products.

About 50% of our customers are in the automotive trade so we have to be quite tough on payment terms as automotive related businesses are often bad payers. We pay our suppliers religiously on time. Using supplier credit to finance your own business is a pet hate of mine.
 
Continuing from above post

with that attitude.
if the claim that EU membership has been the cause of UKs decline in manufacturing, how come Germany hasnt suffered the same fate?

I can tell you why: the UK government, its nothing to do with the EU.
 
My question is why did the Tory party doggedly claim austerity was the way out of the banking crisis -yet you are pointing out the economy couldve grown had the UK govt encourage businesses to invest.
In my opinion the government should have used austerity AND investment incentives. The welfare state had grown too large and needed to be slimmed down, but investment incentives could have also been offered to grow the economy at the same time.
 
My question is why did the Tory party doggedly claim austerity was the way out of the banking crisis

Why did virtually the whole of the EU doggedly claim austerity was the way out of the banking crisis?
 
We pay our suppliers religiously on time.
you sound like you have a company that has good ethics....I applaud that

Far too many companies use supplier credit for cashflow -it has a serious negative affect on the ability of small companies to build their business.


US companies are known to squeeze their suppliers for 120 day credit -I hope that doesnt grow over here
 
By absolute chance, just prior to lockdown No1,I got fed up with my monthly account bills. It was creating more problems than it was solving. I decided to pay for everything at the time of purchase/delivery. It was difficult at first but now, much better & easier.
 
In my opinion the government should have used austerity AND investment incentives. The welfare state had grown too large and needed to be slimmed down, but investment incentives could have also been offered to grow the economy at the same time.

The biggest beneficiaries of the benefit state are pensioners. Countries like Germany have a larger welfare state. The point of a welfare state is to be an economic stabiliser. When you have zero hour contracts, precarious jobs, and low wages - these are all propped up by the welfare state - its doing its job at stabilising the ecconomy. The issue should be - why do so many jobs need Universal Credit to make them viable?

If you want to get rid of the welfare state then start paying minimum wage workers far more so they don't need to have their incomes topped up. Governments have encouraged self employment but by its very nature this type of employment is more variable - yet peoples costs tends to be more fixed like rent and utility costs.

This is another zombie economics notion like trickle down economics that all you need to incentivise people to work more is to cut welfare payments - tell me how does that work in the third world?
 
Bank of England are predicting a good recovery:

UK braces for strongest economic growth since WWII, forecasts Bank of England (msn.com)

No Country will ever be exactly where it would want to be. In an ideal World the UK would have a different balance of manufacturing, but it hasn't. That went with the poor management of the 50s and 60s, and by that I mean poor business managers, unions and politicians all contributed to the overall failure of British business to be competitive. Contrast that with Germany where management and unions worked together for the good of the company. Germany still benefits from that now.
 
Bank of England are predicting a good recovery:

UK braces for strongest economic growth since WWII, forecasts Bank of England (msn.com)

No Country will ever be exactly where it would want to be. In an ideal World the UK would have a different balance of manufacturing, but it hasn't. That went with the poor management of the 50s and 60s, and by that I mean poor business managers, unions and politicians all contributed to the overall failure of British business to be competitive. Contrast that with Germany where management and unions worked together for the good of the company. Germany still benefits from that now.

Consumerism is a larger part of our "coffee shop" economy - so when we were in lockdown the impact was far worse than other economies that are not as skewed as ours. However the flipside is when the economy is opened up our recovery will be faster. But it remains to be seen how this recovery continues after furlough ends.

Germany has a very strong and robust SME sector which they term as Mittelstand. We chased financialisation and have poor levels of business investment as well. It needs a co-ordinated approach or leave it to the free market and see what happens..
 
But it remains to be seen how this recovery continues after furlough ends.

That's the runaway train coming down the track. Employment looked ok 18 months ago but a proportion of that was fragile at best. There's no doubt the next few years will be rough for some.
 
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