UK is 'closer to deindustrialisation', warns West Bromwich manufacturing boss
One of the UK’s leading manufacturing figures has called on the government to focus on reindustrialisation rather than deindustrialisation - before it’s too late.
Watch more of our videos on ShotsTV.com
and on Freeview 262 or Freely 565
Stephen Morley, President of The Confederation of British Metalforming in West Bromwich, has made the rallying call in the wake of some of the most turbulent times seen by industry in decades, with the volatility of the Trump tariffs being the latest hammer blow to the domestic engineering base.
He believes the US President’s moves are just the latest issue to befall SMEs in the supply chain and that there are longer-term challenges to acknowledge and overcome, including successive policy decisions that have failed to back manufacturers.
“Our economy isn’t struggling because of a single moment. It’s been built on policy decisions made by successive governments, decisions that have seen the manufacturing sector’s share of GDP fall by over a third from 15 per cent in 2000 to around nine per cent today,” explained Stephen, who has been involved in the automotive sector for more than 35 years.
