A study discussed at the GMB Congress in Bournemouth shows that the number of people employed in the manufacturing industries in the UK has declined by 385,500 in the seven years since 2008 from 3.36m to 2.97m people. The recovery cannot be put on a sound footing and a further recession is inevitable unless the Government puts in place a strategy to close the huge and unsustainable balance of payments deficit GMB Congress told. The study shows that the UK balance of payments deficit has grown from 3.6% of GDP in 2008 to over 5% in 2015. It also shows that manufacturing output fell by 12% between 2007 and 2009 and while there has been a recovery since then output in 2015 is still 6% below the 2007 pre-recession level.
English: http://www.gmb.org.uk/assets/media/documents …
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