Downing Street Says » National Institute of Economic and Social Research

» Tuesday, February 1, 2011

National Institute of Economic and Social Research

Asked what the Prime Minister thought of the National Institute of Economic and Social Research’s comments that the Government should delay the spending cuts, the PMS said that we set out our consolidation plans in the Budget last year and in the Spending Review, and our intention was to implement them. The PMS also pointed journalists to the manufacturing figures published this morning, which showed that the sector expanded in January at its fastest pace on record. It was early days but hopefully it was a sign of the kind of rebalancing that we needed to see. The official statistics and the survey data both showed a relatively strong performance from the manufacturing sector.

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