We have heard much from the Department of Trade and Industry and the Treasury about the need to improve productivity and competitiveness, and seen the admission through the capital expenditure Scoreboard that investment in the UK has fallen way below that of our main competitors for many years. Surely now is the time to stop the talking and do something about this sorry state of affairs? It is time to reverse the decline of manufacturing's contribution to GDP and make amends for the enormous damage done to manufacturers and exporters by the Bank of England Monetary Policy Committee's interest rate policy — and the consequently overvalued pound.
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