Wednesday, January 12, 2011

UK Manufacturing Increases In December

UK Manufacturing Increases In December



More positive economic news was reported by Bloomberg today when they stated that manufacturing in the United Kingdom in December increased at its fastest pace in sixteen years. Although politicians will point to various policies it has enacted since the minority Conservative government took over in May 2010, Bloomberg points to cheaper British exports being the primary reason for the increase. The British pound has fallen 7.8 percent over the last year when compared with the currencies of the leading ten developed nations.





Bloomberg noted that current policies of the British government such as the loss of 330,000 government based jobs could in fact work against economic recovery. The massive layoffs are closely being watched by other developed nations to see what the overall impact will be.

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