Chagos
DP Veteran
- Joined
- Mar 8, 2015
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- in expatria
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Initially yes. In fact even with lasting results. What is overlooked often enough though is the structural vulnerability it subsequently entailed. And I agree that the Friedmann road was thought at already under Callahan. Didn't come to fruition though because that lot went out. They might well have implemented it, had they stayed in but that would have taken nothing from the imprudence.However, leaving aside that Peter Jay (under labour) was going to try some of Freidman's ideas and would not have been given the chance by the Labour party paymasters, the end results took the UK from being a basket case to a stronger economy.
Even where their economic contribution must remain undisputed, services are a manufacture base? I think not.The change from manufacture of low quality goods to a financial and insurance services sector sees the UK at the front of specialised manufacture right now. We still have a manufacture base - I've argued its existed ad mauseum with peteEu several times.
I was speaking of times past in response to you having raised thoseThere you are simply wrong. Instead of churning out poor quality products, the UK manufacture sector has largely specialised in the highest quality engineering and components production.
Again going back in time, my personal horror story lay in attempting to push British manufactured goods into the foreign markets that were not foreign to me. Before and after the Thatcher admin. took over. Anecdotal for sure but laughs were (embarassingly for me) all around.Worthy of a thread all of its own, in fact I've had several similar discussions with Andy about whose version of history reflects events in the 70's and 80's. I will admit being the sole "Europe poster" who thinks we did better economically and that manufacturing events in the UK are a horror story.
I happen to totally agree on the lethargy of administrations that came afterwards. I blame the initiation of the whole thing on Thatcher (respectively her supposed thinkers), that takes nothing away from the successors.I find it hard to lay the blame on Thatcher alone as there had been several govts who had the power in the 15 years since to change rules, policy and regulatory practice.
No I don't. I also don't forget the effect that deregulation had on North Sea oilAnyhow, policy across the seas left us exposed beyond simple deregulation. You forget the huge rise in oil prices as China boomed,
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