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Wages divide widening, says TUC

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Typical TUC rantings.



    UK has virtually no wealth creators these days. Manufacturing and Mining has been lost for ever. Food production has been ruined by EEC over-regulation. Our mainstay of Financial Services is losing creidbility. What's realistically left for us? Biomedical Research, Drugs, Scientific Research? Personally, I struggle to work out where UK Plc. can earn a crust these days. On a worldwide scale, we are the 'bakers'!

    You keep writing that but officially the UK has the 6th largest manufacturing sector in the world, in value not volume (hardly the bakers).
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    You keep writing that but officially the UK has the 6th largest manufacturing sector in the world, in value not volume (hardly the bakers).
    it's not just him that posts stuff like that it's quite a few of them on here that froth about manufacturing.

    the fact is that manufacturing accounts for 55% of our total exports.
  • Loughton_Monkey
    Loughton_Monkey Posts: 8,913 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    StevieJ wrote: »
    You keep writing that but officially the UK has the 6th largest manufacturing sector in the world, in value not volume (hardly the bakers).

    Well, 7th I think (2009) after China, USA, Japan, Germany, Italy, France.

    But how much is exported?

    I hold to my views that because we have to import far more than we export (all goods and services) we ultimately get poorer. Any home manufacturing that doesn't get exported is 'good' if it prevents an import. But as a nation we need to earn revenue from abroad from whatever means, otherwise we are stuck with simply spooning it around.
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