Anonymous 1 needed this 'Off the Record'
Still on Life Support
The more the UK recovery falters, the more obvious it is that, however heroic the efforts of the manufacturing sector, it alone is not going to be able to provide the growth needed to power the UK economy. If this is rebalancing, then we are about to fall of the rope."
Well what do they suggest as a solution.
More services, which can be set up at a moments notice, a desk plus computer, with virtual telephone numbers e.g using VOIP and similar, in imaginary cities, virtual addresses, selling foreign e.g Chinese goods in the UK?
Will that sort of solution address our real problems, such as the underclass and structural unemployment, please see my posts at 189 and 190.
You once stated "industry/manufacturing once gone forever gone" which is more often than not, quite right, when one considers barriers to entry. Plant , equipment, premises, trained personnel, expertise etc. It is very easy to close a manufacturing operation but considerably harder to start one up.
Services developed to help industry and manufacturing should be a priority, not some of the other rubbish we keep reading about.
Some relevant considerations-
Sky News -UK must spend £110bn to Keep Lights On. "Britain needs to spend more than £110bn on new electricity supplies to keep the nation's lights on, the Govt claims. The magic of Services required?
Have a look at the key findings of the Report - Structural Jobs deficit must be tackled. The CBI today calls on the Govt to tackle deep-seated structural unemployment which threatens to leave millions on the scrapheap without jobs.
e.g. of one key finding-Urban areas that suffer high rates of unemployment are generally post-industrial economies but they are widely spread and include Liverpool, Leeds, the north East, the West Midlands and south Wales. What can services do for them?
Youth unemployment identified as the biggest crisis facing the post-recession labour market.
Against this background -University Fees-38% Can charge Full £9000. Fewer graduates. less technology, less innovation.
We got problems indeed.
Cannot help but wonder, whether some of these people who want to praise services, particularly financial services would not be better living in Ostrichland rather than England.
Prof Eman