Thursday, Nov 26, 2009

Our much-mocked manufacturing sector is stronger than we think

Telegraph: Shock news - Britain still makes things

I have lost count of the number of times I have heard the moan that "We don't make anything any more." It is the stock rejoinder whenever anyone dares suggest that Britain will be able to export its way out of this crisis...One dangerous misconception perpetuated by financial lobbyists is that without the City, we are nothing... While it is a compelling narrative, and fits nicely with the British propensity for defeatism, it is balderdash.

Posted by mountain goat @ 04:01 PM (1131 views)
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7 Comments

1. little professor said...

FTSE down a massive 3.2% today. Interestingly a "glitch" caused trading to be halted for three hours. Well timed, that glitch.

Thursday, November 26, 2009 05:26PM Report Comment
 

2. general congreve said...

...meanwhile gold is making new highs. Decoupling in action.

BTW, look like despite the fact that I took a 7.5% hit when buying gold in Jan/Feb thanks the the bid/sell spread, I am now sitting on a 7% profit. What a mug.

Thursday, November 26, 2009 05:46PM Report Comment
 

3. dead spider said...

Oh , if only we owned the steel mills , car manufacturers , drug companies etc etc .

Thursday, November 26, 2009 05:56PM Report Comment
 

4. Jimbob said...

Of course we do and very well too. JCB, Triumph motorcycles and Roll Royce engines spring to mind.
Why we can't have our own mass car manufacturer beats me especially when Nissan up north is supposedly the most efficient plant in the world.

Thursday, November 26, 2009 06:03PM Report Comment
 

5. Crunchy said...

The deindustilation of Britain to pave way for the new green globalized guilt tax. Not going very well now. E-mails, don't you just love them?

Thursday, November 26, 2009 06:35PM Report Comment
 

6. bluebeach said...

They aint buying many diggers or loadalls..... the big yellow digger firm is still laying off hundreds as we speak....no green or yellow shoots for the rest of this year or first quarter of next.... THIS IS THE REAL WORLD..... this is what it is like at grass roots level.....

Thursday, November 26, 2009 07:25PM Report Comment
 

7. icarus said...

Not much evidence for the headline statement. It boils down to a few examples of UK manufacturing and pointing out the opportunities that may be created if the £ stays low, engineers etc. stop going to the City and gov't tax incentives start to favour manufacturing. Conway's articles are getting thinner by the day.

Thursday, November 26, 2009 08:51PM Report Comment
 

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