Tag Archives for manufacturing

New Brief: Scotland and the North of England: Sub-national economic development and the UK’s finance-led growth model

A new SPERI British Political Economy Brief ‘Scotland and the North of England’, published today, compares economic development in Scotland and the North of England since the creation of the Scottish parliament in 1999. Authored by Scott Lavery, the Brief focuses on two major sectors – finance and manufacturing – and shows that despite enjoying distinct ‘devolved’ policymaking competences, Scotland’s economic trajectory since … Continue reading

27 November 2016 by
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Manufacturing decline and Britain’s ‘radically redundant’ industrial policy

Craig Berry

Industrial policy is being rediscovered, again, but the incompleteness of the policy-making environment means it will fail to halt the ongoing decline of manufacturing Gordon Brown in 2008. David Cameron in 2010.  And now Theresa May in 2016. Since the financial crisis, Britain has had three prime ministers, and each one has promised a manufacturing renaissance based on a more … Continue reading

9 November 2016 by
Categories: SPERI Comment | Tags: , , , , , | 2 comments

UK manufacturing has entered a new phase of decline – new SPERI Brief

A new SPERI British Political Economy Brief ‘UK manufacturing decline since the crisis in historical perspective’, published today, argues that UK manufacturing has entered a new phase of decline. The new Brief, by SPERI Deputy Director Craig Berry, shows that: In the 5 years since 2011 the UK manufacturing sector has bucked historical trends and created new jobs. However, output growth … Continue reading

20 October 2016 by
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How does low access to finance affect innovation?

A major new study highlights the barriers to innovation that face firms from across Europe There is ample evidence in the economics literature that achieving sustained long-term productivity and economic growth is intrinsically linked to investment in research and development (R&D) and innovation activity (i.e. through the introduction of new or significantly improved goods and services). However, due to the … Continue reading

24 March 2016 by
Categories: Europe and the EU, Politics and policy, SPERI Comment | Tags: , , , , , , , , | Leave a comment

Business as usual as City pay soars while manufacturing stagnates

Craig Berry

George Osborne promised a ‘march of the makers’ but as yet there is little sign that a resurgence of manufacturing is helping the economy to rebalance As late as 1980, manufacturing represented around 30 per cent of the UK’s gross value added (GVA) and employed around a quarter of the workforce. But it now represents around 12 per cent of … Continue reading

9 January 2014 by
Categories: British growth crisis, Craig Berry, Economics, Finance, SPERI Comment | Tags: , , , , , , | 1 comment

SPERI launches British Political Economy Briefs series

The Sheffield Political Economy Research Institute (SPERI) is today launching a new series of publications, SPERI British Political Economy Briefs. The first edition, ‘Pay in Manufacturing and Finance’, assesses what the latest data on pay across different sectors tells us about the rebalancing of the British economy away from financial services and towards manufacturing. The brief reports evidence, however, that … Continue reading

8 January 2014 by
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