Hey there! Sign in to join this conversationNew here? Join for free
    • Thread Starter
    Offline

    1
    ReputationRep:
    Government hopes of rebalancing the UK’s service-sector-dominated economy have been dealt a blow with the latest official data showing industry slipping into its third downturn within a decade.

    A slight pickup in activity in March was not enough to offset sharp falls in output earlier in 2016 and meant production dropped for the second successive quarter – the definition of a recession.

    The Office for National Statistics said industrial production – which is made up of manufacturing, mining and quarrying, North Sea oil and gas, water supply and the supply of electricity and gas – is 10% lower than it was when the UK entered recession in early 2008.

    More:
    https://www.theguardian.com/business...ecession-steel
    Offline

    16
    ReputationRep:
    (Original post by VoteLeave)
    Government hopes of rebalancing the UK’s service-sector-dominated economy have been dealt a blow with the latest official data showing industry slipping into its third downturn within a decade.

    A slight pickup in activity in March was not enough to offset sharp falls in output earlier in 2016 and meant production dropped for the second successive quarter – the definition of a recession.

    The Office for National Statistics said industrial production – which is made up of manufacturing, mining and quarrying, North Sea oil and gas, water supply and the supply of electricity and gas – is 10% lower than it was when the UK entered recession in early 2008.

    More:
    https://www.theguardian.com/business...ecession-steel
    I think we need to close shop in Britain except the services sector.
    Offline

    2
    ReputationRep:
    (Original post by M14B)
    I think we need to close shop in Britain except the services sector.
    What you mean the sector that ruined the economy to begin with? If anything should have been learned from this it was to have a stronger agricultural and manufacturing sector to protect us from fragile markets.
 
 
 
Poll
Do you agree with the PM's proposal to cut tuition fees for some courses?
Useful resources

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.