2012 ended with another down quarter. For the year as a whole the public sector produced real growth of 1.9%, Business services grew 1.3% and utilities 1%. Mining and quarrying (especially oil and gas) fell 11%, Construction fell by 9.3% and manufacturing fell by 1.8%. This year oil and gas output should fare a bit better, but public sector growth should fall.
About John Redwood
John Redwood won a free place at Kent College, Canterbury, He graduated from Magdalen College Oxford, has a DPhil and is a fellow of All Souls College. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
Published and promoted by Thomas Puddy for John Redwood, both of 30 Rose Street Wokingham RG40 1XU
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