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Friday, 15 October 2010

Britains has no manufacturing sector left....

This is a common statement made by the man in the pub, the uneducated journalist and many politicians. Did you know that UK manufacturing sector is still the 6th largest in the world?

Yes, obviously financial services and the services sector in general has grown hugely over the last 30 years, whilst manufacturing has not grown by much since 1980.

News today that Jaguar land Rover is NOT closing one of its plants and is hiring 2,000 people, shows what can be done when companies produce products that people WANT to buy.

In the three months to June 30 this year, sales of Jaguar and Land Rovers were up 60pc, with Chinese sales gaining 104pc, and that the company made a pre-tax profit of £233.8m.

This followed March 2010 being the best month for UK sales in the 62-year history of Land Rover.

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