Lee Hopley

Cameron Urged by EEF to Step Up Aid as U.K. Economy Shrinks

Prime Minister David Cameron’s government should enhance its growth strategy as the British economy heads for its first full-year contraction since 2009, the Engineering Employers’ Federation said.

U.K. Economic Growth Forecasts Cut by EEF as Manufacturers See Stagnation

The Engineering Employers Federation cut its U.K. growth forecasts and said manufacturers expect the industry to stagnate in the first quarter.

Manufacturing in U.K. Grew at Record Pace in Third Quarter

U.K. factory production grew at a record pace in the third quarter on surging export demand, the Engineering Employers Federation said.

EEF Cuts U.K. Growth Outlook, Says BOE Will Hold Rate Until 2012

The Engineering Employers’ Federation cut its U.K. manufacturing and economic growth forecasts and said the Bank of England will keep interest rates on hold until at least next year.

Exports Increasing at Fastest Pace Since at Least 1995, Manufacturers Say

A U.K. index of export orders rose to the highest in at least 15 years in the second quarter as a weaker pound bolstered demand for British goods in Europe and emerging markets, the Engineering Employers Federation said.

U.K. Hometrack House Prices Jump as London Values Surge: Economy

U.K. house prices rose for a third month in May on gains in London, according to Hometrack Ltd., which said the euro-area debt crisis will weigh on the market and limit further gains.

U.K. Inflation Pressures Mount as Manufacturers Face Higher Material Costs

U.K. manufacturers plan to raise prices as the cost of oil and other raw materials surge, according to an industry association, which may fuel further inflation pressure.

Pound Advances Against Dollar, Yen on Debt-Crisis Optimism; Gilts Decline

The pound strengthened against the dollar, snapping a two-day decline, as optimism that euro-area leaders are acting to ease the region’s debt crisis spurred demand for higher-yielding assets.

U.K. Manufacturers Predict Price Increases in 2011, EEF Says

The proportion of U.K. engineering manufacturers predicting price increases in the next quarter reached the highest level in more than two years, the Engineering Employers Federation said.

Cameron Looks to Reindustrialize Britain

Mark Stein, manager of General Motors Co.’s Vauxhall van plant in Luton, 29 miles north of London, starts presentations with an aerial photo of the site in 1965. It shows a vast complex of buildings that employed more than 35,000 workers. He points to a small red circle in the picture. That’s where GM’s current factory is. It employs 1,500.

"What our members are looking for is something from the government on growth that will match its determination on deficit reduction."

- Lee Hopley on Sep 02, 2012

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