David Kern Quotations

It has become clear that Gordon Brown's budget forecasts are no longer in the realms of possibility.

Today's manufacturing output figures were ... worse than the market expected. The sector continues to stagnate and is persistently failing to sustain a recovery. The figures also confirm that the sector was in technical recession in the first half of 2005, ... The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year.

Today's manufacturing output figures were mediocre and disappointing overall,

We need to have central leadership that is interested in kids succeeding at the top and the middle and the bottom at their maximum potential.

We also believe that we will need further interest rate cuts in the near future.

There is still a distinct danger of renewed recession in manufacturing.

We got some boards and played pretty good defense. We're just lucky that shot didn't go down at the very end.

The slowdown in UK GDP growth is mainly being driven by sharply lower growth in household consumption, as the cooling housing market and the higher personal debt burden dampen spending.

Powerful fundamental factors continue to support the case for an early modest interest rate cut.

This downward revision to the annual GDP growth rate mainly reflects lower growth in key areas of the services sector and in construction,

It was real quiet in the locker room at halftime. We knew what we had to do, and we had a little run at the start of the third quarter.

Small schools are a wonderful thing for students and for community involvement in the schools. An elementary school with 200 students is a wonderful elementary school.

For the past two years, we hadn't beaten Bonner, and this was the last home game that (us seniors are) going to have. There was a little animosity between us and Bonner. It felt good that we finally finished a game. It seems like every close game we've had, we've lost.

The manufacturing sector's acute underlying weaknesses reinforce our view that we will need further interest rate cuts later in the year,

The manufacturing sector's acute underlying weaknesses reinforce our view that the Government must act firmly and rapidly to remove the threat of further tax increases on business,

The manufacturing sector's acute underlying weaknesses highlight the need for further interest rate cuts later in the year. We do not necessarily call for, or expect, a further interest rate cut on Thursday. But the economy has clearly weakened and confidence is faltering. The MPC must be ready to act firmly to counter the downward pressures on the economy and to alleviate the plight of manufacturing.

Alleviating the plight of manufacturing, and countering the downward pressures on the economy, are now key priorities.

Although earlier estimates have been revised up slightly, the new figures confirm that the sector was in technical recession in the first half of 2005. In spite of the minimal increase in output seen in July, the sector is persistently failing to establish a sustainable recovery.