Manufacturing’s ‘winter of discontent’ continues

Claims by the coalition government that the UK’s beleaguered manufacturing sector is beginning to show signs of recovery were dealt another blow this week by the reliable Markit/CIPS purchasing managers’ index (PMI), which showed that manufacturing contracted in the first quarter of 2013.

Osborne’s credibility is in tatters

Figures published last week showed a shock contraction in manufacturing which rounded off another dire week for the UK economy and signalled yet more misery for ordinary working families at the hands of government austerity.