Liberal Democrats in Business

News and views from the Lib Dem Treasury, Trade and Industry Teams and the Liberal Democrat Business Forum

Falling Manufacturing Figures Reveal Imbalanced Economy

3.41.59pm BST (GMT +0100) Mon 5th Apr 2004

Reacting to today's index of production showing manufacturing output falling, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "With manufacturing back in recession people are justifiably anxious about their jobs."

"Today's figures show that the economy continues to be fundamentally imbalanced."

"Faltering manufacturing and a house price boom leave the Bank of England caught between curbing the consumer boom or preventing an industry bust."

"Britain's twin problems of runaway consumer spending and manufacturing in recession cannot be resolved by the Bank of England alone."

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[Previous news story]: Bank of England Caught Between Boom and Bust (Mon 5th Apr 2004).
[Next news story]: House Prices A "Credible Threat" To Our Economy (Tue 6th Apr 2004).

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Wed 30th Jun 2004:

[GDP Figures: Manufacturing Decline A Bad Omen For The Economy - Cable]

Tue 11th May 2004:

[Manufacturing Output Falling: Bank of ENgland Cannot Solve Problem Alone]

Thu 8th Apr 2004:

[Latest Trade Figures Confirm Imbalanced Economy]

Tue 10th Feb 2004:

[Trade Figures Show Imbalance In Economy]

Mon 9th Feb 2004:

[Booming House Prices And Weak Manufacturing Leaves Economy Imbalanced - Cable]

Tue 13th Jan 2004:

[Manufacturing Output Falling: Bank Of England Cannot Solve Problem Alone - Cable]

Fri 22nd Aug 2003:

[Growth Figures Show Chancellor Must Act To Save Manufacturing Jobs-Taylor]

Wed 30th Jul 2003:

[Sales Figures: Booming High Street Can't Carry Economy Forever]

Tue 11th Mar 2003:

[Trade And Production Figures Reflect Deep Structural Problems In Economy]

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