Quotes by David Kern

“The sector continues to face huge pressures.”

“Todays manufacturing output figures were mediocre and disappointing overall,”

“Although earlier estimates have been revised up slightly, the new figures confirm that the sector was in technical recession in the first half of 2005. In spite of the minimal increase in output seen in July, the sector is persistently failing to establish a sustainable recovery.”

“There is still a distinct danger of renewed recession in manufacturing.”

“The slowdown in UK GDP growth is mainly being driven by sharply lower growth in household consumption, as the cooling housing market and the higher personal debt burden dampen spending.”

“The manufacturing sectors acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.”

“It has become clear that Gordon Browns budget forecasts are no longer in the realms of possibility.”

“Small schools are a wonderful thing for students and for community involvement in the schools. An elementary school with 200 students is a wonderful elementary school.”

“Alleviating the plight of manufacturing, and countering the downward pressures on the economy, are now key priorities.”

“We also believe that we will need further interest rate cuts in the near future.”