12/09/2023
Although 200 years ago Britain had the reputation of being the “Workshop of the World” this is very much welcome news and shows the upward trajectory which bodes well for the future.
BREAKING: The UK has leapfrogged France to become the 8th largest manufacturer in the world.
With an annual output of £224 billion, the buoyant sector now supports 2.6 million jobs according to new data released this morning by trade association Make UK.
The figures are contained in the latest annual ‘Manufacturing – The Facts’ which contains a wide variety of data about the contribution of manufacturing to the economy including exports, sectoral breakdown, how the UK compares to other nations and salary levels.
Make UK estimates that if the Government commits to its call for a manufacturing target of 15% of GDP, this will add an additional £142 billion to the UK economy.