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Survey reveals slower growth for Lancashire’s manufacturing and service firms

Posted on - 17th April, 2015 - 7:00am | Author - | Posted in - Business, News
Chief Executive of the North and Western Lancashire Chamber, Babs Murphy

Chief Executive of the North and Western Lancashire Chamber, Babs Murphy

Firms in Lancashire have experienced a slower growth according to revelations in the Quarterly Economic Survey from Lancashire’s Chamber of Commerce.

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The manufacturing and services firms were highlighted in the survey as suffering weak growth during the first four months of this year.

The areas which were picked up as suffering the most were the key balances that measure export sales and investment. These help the re-balancing of the economy.

Employment however was an exception to this stinted growth, with an improvement in employment expectations.

Babs Murphy chief executive of North and Western Lancashire Chamber said, “These results are by no means a cause for alarm, but they are a salutary reminder that the UK still faces obstacles on the path to sustainable, long-term growth.

“Unless support for exports and business investment is placed at the heart of any future government, consumption and government spending will continue to drive an economic recovery that is unbalanced and unsustainable.

“With these results in hand, our message to the politicians is simple: the national interest must come 
before short-term political point scoring.”

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