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EEF comment on Conservative public spending pledge

Release date: 19/11/2008

Commenting on today's announcement, EEF Chief Economist, Steve Radley, said:

"Manufacturers are always keen to see efforts to cut waste in government spending and reduce the tax burden. But today their priority is not spending totals two years ahead but surviving the most severe economic downturn for at least two decades. Right now they are looking for urgent action to prevent the economy lapsing into a severe recession, stave off large scale redundancies and avoid many well-run businesses going under."

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EEF Limited is the organisation for manufacturing, engineering and technology-based businesses. It is an employers association regulated under Part II of the Trade Union and Labour Relations (Consolidation) Act 1992 and a company limited by guarantee. EEF Limited is registered in England and Wales, registered no 05950172, and its registered office is Broadway House, Tothill Street, London, SW1H 9NQ

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