I admit I was thinking along the lines of heavy industry above (steel industry, shipyards etc…), should have said our traditional manufacturing industries.
I know Britain’s moved on in the world and that’s a good thing, but we’ve also become way too dependant on money from the financial sector and as the financial sector crashed during the credit crunch/recession our growth has mirrored this dependence.
Germany is strong financially as well, but from what I understand it’s not lost it’s core traditional manufacturing industries like we have (their decline is slower) which is why it’s recovering faster than we are.
I understand as we move into new industries (like renewable energy) that require a work force with new skills our older industries are going to tend to move to the third world countries where labor costs are much cheaper, but governments should be protecting it’s people as much as possible from these changes and keeping what our country does as diverse as possible to prevent it being dependant on one sector.
Nothing wrong with having a very strong financial sector (it’s very good in fact), but it would be better if we had the strong financial sector and a strong manufacturing base (and I’m thinking heavy industries) as well. I don’t see why we couldn’t have had both if Germany has managed it?
My background is science (biotechnology) and I think our move into science and technology is also a very good thing (it’s the future). Jump 30 years from now when we’ll have to have a significant amount of our energy from renewable sources, British businesses are going to be leading the way.
David
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