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Manufacturing Output Falling: Bank of ENgland Cannot Solve Problem Alone
1.09.00pm BST (GMT +0100) Tue 11th May 2004
Reacting to this morning's index of production showing manufacturing output falling, Vince Cable MP, Liberal Democrat Shadow Chancellor, said: "With 750,000 jobs lost in manufacturing since 1997 people are justifiably anxious about their jobs.
"Today's figures show that the economy continues to be fundamentally imbalanced. Britain's twin problems of runaway consumer spending and weak manufacturing cannot be resolved by the Bank of England alone."
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[Next story]: Brown Must Act On House Price Boom (Wed 12th May 2004).
[Other news stories from May 2004 (20)]
Related News Stories:
Mon 5th Apr 2004:
[Falling Manufacturing Figures Reveal Imbalanced Economy]
[Bank of England Caught Between Boom and Bust]
Tue 13th Jan 2004:
[Manufacturing Output Falling: Bank Of England Cannot Solve Problem Alone - Cable]
[Losers In BCCI Bankrupcy Will Be Dismayed At Alleged Bank Of England Failure To Act]
Wed 22nd Oct 2003:
[MPC Minutes Show Bank Of England Trapped Between A Rock And A Hard Place - CABLE]
Thu 18th Sep 2003:
[Manufacturing Flatlines As Orders And Output Stagnate]
Thu 20th Mar 2003:
[Bank Of England Holds Its Breath For The Budget]
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