Philip Whyte, a guest columnist in the Times, is seeking to lay to rest the myth that Britain's manufacturing base has shrunk. This interests me because with an engineering background I enjoy manuafacturing, and also because recent “Credit Crunch” events should discourage us from being overly reliant on the finance sector.
He writes that manufacturing in Britain forms a larger proportion of GDP than in France of the USA, and that – before the recent recession – our industrial output was higher than ever. So, our industry has grown, but services have grown more, he writes.
Original article here.
Source: The Week, 21st March 2009.