Yesterday the Chairman of ABC Ltd, one of Britain's largest companies, said:
"The economy cannot put up with any more wage increase this year. The strength of the
service industry is overrated and cannot be relied upon to make up for the appalling
performance of British manufacturers. A change can only come about if the Government
gets things underway immediately, before we plunge even further into recession."
Mr Smith, the Managing Director of a small clothing company in the South-West.
said: "When I set up my business at the beginning of the year I did not know
what I was letting myself in for. I took it for granted that strikes were unheard of
in this part of the country and interest rates would keep up with the rate of inflation
but everything has turned out to be less straightforward".
