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UK manufacturers produced goods and materials worth £150.5 billion in the first three months of 2024, a reduction of 0.8% year-on-year, according to analysis of ONS data by FourJaw Manufacturing Analytics. FourJaw’s analysis, which informs its UK Manufacturing Productivity Index, reveals that several sectors bucked this small decline in output:
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Editor's Comment
The response from industry leaders to the Chancellor’s Spring Budget reflects a mix of appreciation and concern. EngineeringUK expressed its appreciation for the government’s declared commitment to investing in critical sectors such as engineering and technology, as well as its support for Small to Medium-Sized Enterprises (SMEs) through initiatives like the Green Industries Growth Accelerator (GIGA). The acknowledgment of the UK’s burgeoning presence in the global technology landscape, likening it to Silicon Valley, evoked a sense of pride shared by many within these sectors.
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