By 2030, we want a new industrial strategy – to be nationally diversified and
regionally distinctive – to have succeeded. There will be centres of technological and
industrial excellence in every nation and region of the country, with our strengths in
services complemented by a renaissance in manufacturing.
There hasn’t even been a shrinkage in manufacturing. Output is up at or about record levels. It’s employment in the sector which has fallen, plus services have grown faster.
And, of course, comparative advantage. If the Germans are better at it than we are then let them do it.