Manufacturing sector not hit as hard as anticipated

Phil Black - PII Editor 20/10/2010

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Commenting on the impact of the spending review on the manufacturing sector David Raistrick, UK manufacturing leader at Deloitte, commented:

“The manufacturing sector has not been hit as hard as anticipated with some sensible measures introduced for the industry. It is pleasing to see that the Government recognises that in making public sector cuts they need to grow the private sector, which manufacturing plays a major part in. The real issue will be in ensuring support is properly focused to achieve maximum benefit for the economy as a whole.

“For UK industry the announcement of additional funding to support manufacturing and business development is a welcome measure of support. The UK’s manufacturing future lies in the high technology areas and it is right that the Government has focused on this.

“The fact that science and education budgets have not been slashed is positive for the manufacturing industry, as is the support for low carbon technologies.”