Inflationary pressure threatens manufacturing growth warns Bailey

ANY move by the Bank of England to raise interest rates could seriously hamper attempts by UK manufacturers to sell their goods abroad, a Midlands academic has warned.

Professor David Bailey, of Coventry Business School, said the relatively weak value of Sterling made UK goods much more appealing abroad. However, if inflationary pressures increased then this could change.

Latest manufacturing figures show the sector is expanding at its fastest rate since records began nearly 20 years ago, although this is ... For the full story register now for free or login below...