British Chambers of Commerce says sector ‘close to stagnation’ after domestic and export sales fall to below pre-recession levelsManufacturing exports slumped at the cessation of last year,and will continue to suffer in 2016, leaving Britain with a two tier economy that relies on consumer spending to drive growth, or a main trade group has warned.
The British Chambers of Commerce said a survey of 7500 firms found that manufacturing fared worse than the services sector and was “close to stagnation” after domestic and export sales fell to below their pre-recession levels in 2007. Continue reading...
Source: theguardian.com