It is about British manufacturing: now 13 per cent of GDP and 10 per cent of employment. In 1970 it was half the economy. We are still the sixth biggest manufacturing nation in the world, but the actual volume of goods we make has fallen by a quarter since 1997, and our deficit in visible exports is £93 billion. In the pamphlet, Dr Alan Reece of Pearson Engineering warns that “de-industrialisation” is causing national decay……
The Civitas pamphlet:
The idea of a national plan was discredited by the failed plans of the 1960s and 1970s but every economically successful nation has one, America included. According to Nations Choose Prosperity, published by independent think-tank Civitas, nations are in competition with each other in much the same way that companies are in a contest with their rivals.
Ghastly mercantilist crap. Nations are not engaged in economic competition in any manner resembling companies at all. Jeebus, Ruth Lea normally knows better than this.
Newcastle manufacturer Alan Reece, who has been warning of the dangers of de-industrialisation for some years, points out that \’the actual volume of goods manufactured has fallen to 75 per cent of what it was in 1997\’ (p.49) and blames \’the decay of a once-great nation\’ on \’its unique abandonment of manufacturing and, with it, physical science\’.
Let\’s look at those figures shall we, from the ONS:
Hey! We\’re in a recession! Who knew?
Please people, bugger off.