There have been over 9,000 insolvencies in construction and manufacturing since September 2010, PwC figures revealed, despite the two sectors enjoying one of the best quarters in nearly two years.
The ONS says manufacturing output is down by 1.4% but business lobbying groups say output is up. Who do you believe, and are we really in recession?
Official government figures show that the UK economy shrank by 0.7% in the second quarter of 2012, worse than expected. Manufacturing output fell by 1.4% in the quarter.
UK manufacturing output will fall by 0.3%, shrinking for the first time in three years in 2012, according to figures by EEF.
The Bank of England’s Trends in Lending report as well as the sale of Lloyds branches to the Co-Op have prompted urgent action to make UK banking more competitive.
Total number of aircraft produced with UK supply chain input during 2011 was 1,140, a 6% increase on 2010, according to the latest survey by trade organisation ADS.