UK manufacturers are in a bad way. Next week’s CBI survey is likely to say that companies are seeing falls in their order books and they expect output to fall in the next three months. One reason for this is that Brexit uncertainty, among other things, is depressing capital spending. But another is simply that external demand is still weak.
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The spectre of a job guarantee
The return of mass unemployment is leading to increased interest in a job guarantee scheme. This is a mixed blessing for investors
Chris Dillow