Sponsored by
Cuts threaten engineering
A LEADING manufacturers' organisation is warning that strong UK growth in recent months could fade away as Government cuts take effect.
Andy Tscher, Yorkshire-based head of external affairs at the EEF, says figures for the second quarter of the year show manufacturing appears to have gained vital momentum, but questions whether that growth can be maintained in the second half of the year.
"The Government's fiscal consolidation will begin to bite in the next few months and so is likely to be a drag on growth, while there are ongoing questions as to whether the financial markets can withstand persistent volatility due to sovereign debt worries," said Mr Tscher.
Got a view? Leave a comment below.
Follow The Star on Twitter and Facebook:
For breaking news and sport follow The Star on Twitter at www.twitter.com/sheffieldstar and Facebook at www.facebook.com/sheffieldstar.
JOIN THE STAR READER PANEL: The Star is YOUR newspaper, so tell us what you think about it and what you want to see - CLICK HERE.
Don't miss our daily pull-outs - only in the The Star: Monday Star Sport, Tuesday Class Act; Wednesday Business; Thursday Grassroots; Friday Time Out; Saturday Retro. Subscribe to The Star - CLICK HERE
READ MORE
Join the Star reader panel
Main news index
Your letters
Features
South Yorkshire's environmental news
Kids Zone
More business news
More Rotherham news
More Doncaster news
More Barnsley news
Latest sport
Email to a friend
Print this page
Looking for...
Featured advertisers
Jobs
Search for a job
Motors
Search for a car
Property
Search for a house
Weather for Sheffield
Thursday 24 May 2012
Today
Sunny spells
Temperature: 11 C to 24 C
Wind Speed: 10 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 10 C to 21 C
Wind Speed: 16 mph
Wind direction: East
