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Latest News

TUC downplays impact of foot and mouth

by Personnel Today 4 May 2001
by Personnel Today 4 May 2001

A
new TUC report claims that  the economic impact of the foot and mouth
crisis is likely to be small and temporary.

However
interest rates need to be cut further to aid the UK’s manufacturing
sector, says the Economic Impact of Foot and Mouth It claims that the 
macro-economic impact of the crisis is only likely to reduce economic
growth by 0.2 percentage points.

The
biggest threat to growth is global economic instability and the bleak outlook
for manufacturing, according to the report.

TUC
general secretary John Monks said, “A further interest rate cut is now
essential to boost manufacturing, help to rebuild agriculture and tourism and
resist the knock-on effects of US recession.”

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www.tuc.org.uk

By
Richard Staines

TUC
Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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