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Also Factory production it is reported fell by 4% in the year 2002, This is the largest annual slump since 1991, this is according to figures from the Office for National Statistics.
Britain's manufacturing industry is going through its worst recession since the early 1990s, however high consumer spending has so far protected the wider economy.
2004 has seen a rise in economic growth both in the UK and worldwide.
Britain has had what economists call full employment for quite some time the problem for the future is that this could soon change and we could end up like germany with 10.5 % of the population out of work...
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