Wyn Thomas - Axys Investment Management

Weekly Market Update 1st April 2016

UK STEEL INDUSTRY IN CRISIS

This week the news has been focused on what looks to be the end of the steel industry in the UK. While it is unsurprising that heavy industry is finding it difficult to compete with lower wage countries, especially as the global economy adjusts to slower growth, it further underlines the nation’s dependence on the services sector. After the financial crisis there was much talk of rebalancing the economy to be less dependent on the financial industry, that goal is now further away than ever. Read More……