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There may be trouble ahead...But while there's .... Let's face the music and dance..

Factory output fall raises fears over shrinking demand - Industry sectors - Times Online

The sharpest drop in industrial production for a year has ignited fears that manufacturing is starting to suffer from the unravelling of global demand.
The production industries contracted by 0.8 per cent in October, data from the Office for National Statistics (ONS) showed, the worst such figure in 12 months...
Manufacturing, which makes up the bulk of the production sector, also suffered a drop of 0.4 per cent, defying expectations of a rise...
Industrial data can be volatile from month to month, but the ONS figures for the three-month trend growth of output were also weak, with overall production falling by 0.2 per cent, the weakest figure since last December. The statistics did not bode well for the ability of Britain’s exporters to compete against a weak dollar, especially as world growth is set to slow next year, analysts said. ...
Gordon Brown was bullish about the manufacturing sector in his Pre-Budget Report (PBR) yesterday. He forecast that industrial output would rise by about 2 per cent in each of the coming three years

"He would say that, wouldn't he?" The Mandy Rice Davies rule applies....

Comments

Qu'est ce-que c'est the "Mandy Rice Davies rule", please?


TE - A simple rule to apply to any politician's statement:

While giving evidence at the trial of Stephen Ward, Rice-Davies made the quip for which she is most remembered and which is frequently used by politicians in Britain. When the prosecuting counsel pointed out that Lord Astor denied having an affair or having even met her, she replied, "Well, he would, wouldn't he?". This quote later became a common saying in British politics, often altered to "He would say that, wouldn't he?"

Manufacturing decline is due to extra red tape & taxes in conjunction with competition from countries with little of either.

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