manufacturing: of modest criticality

Friday 7th October 2011

Manchester was built on manufacturing, which turned a small town into a global driver of the industrial revolution, but it’s been mostly downhill for the last 60 years or so. Now, it seems to have bottomed out and the slow move up the value curve and towards more service-based activity, pepped up by sterling’s devaluation, gives hope for increased value, if not for employment...