Once a manufacturing superpower, the UK’s industrial sector has shrunk over the past four decades, declining to less than 10 percent of GDP. According to the Trade Unions Congress, between 1960 and 2015, of all advanced economies, the UK was hit with a greater drop in manufacturing employment than any country apart from Switzerland.
Employment in the manufacturing sector fell by more than 0.4 percent per year over those 55 years, which was twice as high as Italy and Spain, and higher than Germany, Norway, Sweden, France and the US, among others.
However, experts believe that this trend could soon change, as a host of companies are now building new factories in Britain.
Jefferson_MFG, an advocate for Britain’s manufacturing sector and the founder of Factory Now tweeted: “We don’t make anything anymore?
“Aston Martin, Moog, Britishvolt, Siemens, Johnson Matthey, Ciner, Forterra, Knauf, Envision AESC, Ball, Crown, Swizzels, Pensana, SeAH, Stannah, ITM Power and Rolls-Royce are just some of the manufacturers building new factories in the UK.”
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