Over 4,300 jobs were lost in manufacturing last month according to a survey this week by the GMB union. It blamed the disappearance of almost 200 jobs per working day on the level of sterling.
The survey came as the Liberal Democrat party put the blame for job losses on chancellor Gordon Brown’s policy on the euro, pointing to the 250,000 jobs lost in industry since the Labour government came to power.
According to Office for National Statistics figures, manufacturing has only been losing jobs since June 1998, over a year after Labour came to power.
The average monthly fall in jobs in the first half of 1999 was 12,000. This has now levelled out at 4,000 a month as the pound has risen against the euro. Such a sustained and consistent loss of jobs has not been seen in the UK for at least 10 years