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Mustn't grumble, at least in the future we can be proud of our financial services industry.

http://www.ft.com/cms/s/0/89c7bbac-6d5f-11...00779fd2ac.html

Germany wins Rolls-Royce testing unit

By John Willman and George Parker in London

Published: September 28 2007 03:00 | Last updated: September 28 2007 03:00

Rolls-Royce has rebuffed a last-ditch attempt by the UK government to stop it building a testing facility in Germany rather than locating it in Derby, the city that is home to the aircraft engine maker.

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Mustn't grumble, at least in the future we can be proud of our financial services industry.

What that Financial Services Industry that so heavily backed Northern Rock? :lol:

One has to wonder how long it is before the rest of the world realizes that the "Expertise" that we export out of GB plc is just people power and they quiet easily make their own guesses as to what will happen.

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It's a shame but hardly surprising. These two paragraphs tell you everything you need to know.

Ministers have been relaxed about decisions by engineering companies to relocate their manufacturing activities to lower-cost countries in Asia and eastern Europe. However, ministers are anxious to retain research and decision-making activities.

Rolls-Royce has been frustrated by what it sees as the government's failure to support manufacturing and R&D. One senior company executive told the Financial Times: "The Germans value manufacturing. There is better productivity and they have a better education system. Government has chosen not to be competitive. Britain has caused this industry to export its capabilities."

I must be part German because I value manufacturing. Imagine actually being able to say you fabricate something from scratch.

At the Labour conference Gordon mentioned how efficient the British worker is. Better than the Germans apparently. He must have delved deep inside his ar*e to pull that crap out.

Edited by Xurbia

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In the UK we’ve moved on from making things, that’s part of this county’s history, now our destiny is to move money around and to be honest London is the world centre for this.

What a depressing thought. The country cannot just live off the city. That's a recipe for disaster.

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What a depressing thought. The country cannot just live off the city. That's a recipe for disaster.

The cake mix is laced with poison.

How many city folk already been quietly shipped off to the likes of Asia and Dubai? We'll wake up one day and think, where the hell did that go?

Shipping out finance is a piece of cake compared with the concerted effort it takes to grind down manufacturing into the dust.

Edited by OnlyMe

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move out a factory- its costs millions and tons of hassle and takes years- move a bank- unplug a few computers, move office and hey presto- so secure we are with our British Financial economy

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Shipping out finance is a piece of cake compared with the concerted effort it takes to grind down manufacturing into the dust.

I think Gordon Brown will come to the rescue. Having just listened to this conference speech I am assured, no less.

At this very moment he is repairing the damage done to pensions. He has already reformed education; he told me on TV. The economy is in fine order too. So, all it takes is to shift some numbers around on the spreadsheet and manufacturing will, once again, be a major part of the economy. It doesn't take long to create engineering plants or find investors who won't laugh at the idea.

You could replace Gordon ****face Brown with Frank Spencer and end up with a better result.

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Christ- here we go again...

Offensive text removed by Moderator

Actually governments over the past 40 years of all persuasions have tried to encourage people to do science and engineering, so I don't think the blame lies with them that there is a shortage of engineers. It is more that over the past 20 years at least engineering has been seen by young people as something you wouldn't want to study at university, and those studying engineering at university get ridiculed. Plus companies didn't offer wages high enough to tempt people. This having been said, for all the encouragement given during the 1980s for people to study engineering, the dismantlement of British industry during the same period made it an unattractive option with too high a chance of unemployment. The rational choice was not to study it.

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Mustn't grumble, at least in the future we can be proud of our financial services industry.

I see a bright future ahead, where our brilliant bankers continue with their wonderful 'product' innovations such as CLOs, CDOs, RMBS, etc etc.

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I think it was Luftblase Stichler who pointed out that things have got so ridiculous in the UK we are now exporting jobs to a lower cost base in GERMANY! That is, the supposedly over-regulated, unionised, inflexible, bureaucratic and expensive Germany no less.

we really are herauf Scheißenebenfluß ohne ein Paddel

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Actually governments over the past 40 years of all persuasions have tried to encourage people to do science and engineering, so I don't think the blame lies with them that there is a shortage of engineers. It is more that over the past 20 years at least engineering has been seen by young people as something you wouldn't want to study at university, and those studying engineering at university get ridiculed. Plus companies didn't offer wages high enough to tempt people. This having been said, for all the encouragement given during the 1980s for people to study engineering, the dismantlement of British industry during the same period made it an unattractive option with too high a chance of unemployment. The rational choice was not to study it.

Isn't it a case of not looking at what they say but at what they do?

Peter.

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Actually governments over the past 40 years of all persuasions have tried to encourage people to do science and engineering, so I don't think the blame lies with them that there is a shortage of engineers. It is more that over the past 20 years at least engineering has been seen by young people as something you wouldn't want to study at university, and those studying engineering at university get ridiculed. Plus companies didn't offer wages high enough to tempt people. This having been said, for all the encouragement given during the 1980s for people to study engineering, the dismantlement of British industry during the same period made it an unattractive option with too high a chance of unemployment. The rational choice was not to study it.

I would also point out that are huge proportion of the people who did study engineering, physics, chemistry, mathematics etc ended up working in the City getting paid a huge sum of money, rather than in industries that actually make stuff.

There's a shortage of people studying these subjects because our education system is terrible. If you go to a comprehensive school, the chances are your science education will be poor. Few comprehensives do triple award science GCSEs these days.

Edited by JimmyMac

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