BGN Entrepreneur

The manufacturing sector, which was badly hit by the recession, is forecast to grow thi syear at a rate faster than the whole economy.
Now, only one third of the components in a JCB digger, which is widely seen as a symbol of British manufacturing vigour, are made in the UK.
According to JCB’s chairman—Sir Anthony Bamfor, it is said that the proportion has fallen from 96% to 36% ever since 1979. This reflects the hollowing-out of supply chains by globalisation, takeovers and high taxation.
The company calculated the decline in the British-made element in its best-known product—the yellow backhoe loader, to indicate how thin the UK supply base for heavy engineering has become.

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