What's the future for UK manufacturing?

 

The BBC's Robert Peston analyses the job cuts at BAE Systems

Here's my report on the state of the UK's manufacturing sector on the day that BAE has announced that it is cutting 3,000 jobs.

The fact that the company, which is the country's largest manufacturer, is dependent on government contracts puts it in a special position.

But both government and opposition agree that the manufacturing industry needs to grow.

 
Robert Peston, economics editor Article written by Robert Peston Robert Peston Economics editor

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  • rate this
    +3

    Comment number 1.

    I think the local councils could do a lot more to help manufacturing.
    For example 'Small Businesses' are benefitting from 100% rates relief. How does this help manufacturing? Well, in my case it doesn't because local councils don't measure 'business' my cash flow but by floor space used.
    Manufacturing requires more floor space for the machine tools and so we don't receive help.
    Wake up Councils!

  • rate this
    -1

    Comment number 2.

    To have a future their must be a need . So unless someone comes along

    with a major conflict, with a need, then there will be no future.

  • rate this
    -1

    Comment number 3.

    Manufacturing in this country has been in decline for decades.
    The announcement of 3000 redundancies at BAe is just another nail in the coffin because it will have a knock on effect with other supporting company's who supply BAe and could mean another 10,000-15,000 jobs being lost elsewhere.
    Manufacturing is now the province of the far east because it is cheaper and there is far less bureaucracy.

  • rate this
    +4

    Comment number 4.

    Still too much big-company fetishism around

    Boosting a sector by doing what the large companies want is exactly the same kind of mindset that created the too-big-to-fail, uncompetitive, subsidy-dependent banking behemoths that currently weigh down our economy

    Small & medium companies create most jobs (60-70% OECD), are more adaptable and competitive and are the source of tomorrows big companies

  • rate this
    +4

    Comment number 5.

    John (1) Councils just collect NDR, they don't make the rules. The fall of manufacturing in the UK is down to deregulation of the City and the the financial sector, and useless mgmt: no capital investment in long term projects, just quick bucks. Germany (and UK car factories with foreign mgmt) do very well in manufacturing because they think long term, and share the proceeds. Ed is right.

 

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