Britain’s factory output has just grown quicker than it has done at any stage since 1995, according to figures from the CBI.
A whopping 43% of firms said output increased in the 3 months leading up to July, compared with 12% saying it was down. That’s a balance of +31% – the highest since January 1995.
Rain Newton-Smith, the CBI’s chief economist, said: “Output growth among UK manufacturers is the highest we’ve seen since the mid-90s, prompting the strongest hiring spree we’ve seen in the last three years. Cost pressures are easing and firms are upbeat about the outlook for export orders.”
This wasn’t in the script for Project Fear and and the rest of the Remoaner camp. Shall we expect an apology any time soon?