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 RedwoodJohn Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
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