Britain’s manufacturers have become increasingly pessimistic about a return to normal trading conditions, with the number believing that it will take more than twelve months to return doubling in the last two weeks.
Sales and orders are continuing to fall at an alarming rate and almost a fifth of companies are planning to increase the number of staff on furlough in the next two weeks.
There is no disguising the fact these figures make for awful reading with the impact on jobs and livelihoods across the UK. Industry and Government must now leave no stone unturned to retain as many key skills as possible within the sector to ensure it is in a position to effectively recover when growth eventually returns, which at some point it will.
