Despite the decline in British manufacturing since the 1970’s, when manufacturing contributed 25% of UK GDP, the UK is still the ninth largest manufacturing nation in the world. On average, the UK’s industrial sector has increased by 1.4% Y-o-Y since 1948, according to a recent report from the Office for National Statistics (ONS). The ONS attributes the sustained growth to a better quality/more skilled workforce; a shift in production from low to high productivity goods; improvements in automation and technology; increased investment in R&D, and a more integrated global economy. According to Make UK (formerly EEF), UK manufacturing currently:
- employs 2.7 million people, earning an average of £32,500
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