A RECESSION occurs when the supply of goods is greater than the demand for goods.
The temporary closure of the Honda plant in Swindon is an example of how supply can be reduced.
After each recession Britain’s manufacturing base always shrinks smaller, while Germany and Japan’s industry grows larger.
The secret of surviving a recession is to protect your own country’s manufacturing base, Gordon Brown’s latest economic package does absolutely nothing to assist British manufacturing to survive this latest recession.
In fact none of the three major parties have spoken one single word about how to help Britain’s manufacturing industry survive this recession.
Will Britain’s politicians allow themselves to be outsmarted once again by Germany and Japan?
STEVE HALDEN
Beaufort Green
Swindon
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