Iain Wright MP, Labour’s Shadow Minister for Competitiveness and Enterprise, commenting on a survey by manufacturers’ organisation EEF which finds that manufacturers are facing their toughest trading conditions for more than two years, said:
“Today’s report from the EEF is a worrying indication of the impact of the recession on British manufacturing. George Osborne’s promise of a ‘march of the makers’ rings hollow.
“By cutting spending and raising taxes too far and too fast, the Tory-led Government has undermined the potential of UK manufacturers to lead the economy into recovery.
“We need a long-term industrial strategy which helps British manufacturing achieve its potential as the most creative and innovative sectors anywhere in the world.”