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|GDP comment - "Figures are positive, but industrial and manufacturing sectors need investment"|
|Thursday, 27 October 2016|
Commenting on this morning’s GDP figures, which show that the UK economy grew by 0.5% in Q3, Kevin Caley, Founder and Chairman of ThinCats, said: “The growth in the last quarter is certainly encouraging, given the dire economic forecasts in the aftermath of Brexit. But while GDP has been higher than expected, the picture isn’t wholly positive. Construction, industrial and manufacturing output in the UK continues to shrink, and these sectors will need investment if we are to have a balanced economy.
“Hopefully, investment and lending to the businesses in these industries will be on Phillip Hammond’s agenda as he delivers his Autumn Statement next month.”
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