UK manufacturers see little sign of 'V'-shaped recovery

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British manufacturers see no evidence of a 'V'-shaped recovery from the coronavirus pandemic underway and many are planning to slash investment, a business survey showed on Monday.

FILE PHOTO: Bentley cars go through final quality control as they come off the production line at their factory in Crewe, Britain January 22, 2019. REUTERS/Phil Noble/

The Make UK industry association and accountants BDO said output and orders had improved from historic lows struck last quarter during the depths of the pandemic. “Manufacturing has begun to climb away from the abyss that it stared into earlier in the year,” said Stephen Phipson, chief executive at Make UK.

The possibility that Britain and the European Union fail to agree a trade deal before the end of the Brexit transition period would be a “final nail in the coffin” for many manufacturers, Phipson added.

 

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Turns out 'W' on the recovery sign..!

Still lockdown unable to gather in too many places

Ain't gonna be no V's anywhere.

Dont see the price of the audi R8 or Q8 coming down though ? Must be doing ok!!

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