Thursday, November 26, 2009
Our much-mocked manufacturing sector is stronger than we think
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.