Downing Street Says » Manufacturing Figures

» Friday, February 6, 2009

Manufacturing Figures

Put that ONS figures released today showed a continuation of the decline in manufacturing and was there anything the Government could do to address this, the PMS said that these were undoubtedly difficult times and that was why the Government had brought forward the measures that we had over the last few months; to help businesses of all sizes to find the support that they needed in terms of credit and finance.

Put that ONS figures had also shown bankruptcies up 220% and did this mean the Government s policies were not working, the PMS replied that as he had said, these were undoubtedly tough times for business. We were providing real help for businesses through loan guarantees, through the enterprise fund, which was aimed at companies struggling to access finance, working capital and investment. We had also announced measures to free up lending for the automotive industry, amounting to 2billion and we were investing more than 100 million in debt advice and credit unions to help people struggling with debt.

The PMS said that it was important also to point out that today s figures for liquidations were still much lower than the levels that we reached in the early 1990 s.

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