Industry 'has declined more under Labour than Thatcher'

[AtW]

Read the post carefully. Which American banks did the UK government bail out?

RBS was heavily exposed to US "bank" that it owned - can't mind the name.

One can also argue that moving HMRC accounts from BoE to CityBank played role in making them more stable (they certainly would have obtained credit with such contract).

[Mich the Tester]

Indeed!
If the tories were still in powere then there is no way that labour could have fraked everything up

Do I get a special prize for the first valid use of the phrase 'would never have happened under the tories' on CUK?

[Spacecadet]

This would never have happened under the tories.

Indeed!
If the tories were still in powere then there is no way that labour could have fraked everything up

[Doggy Styles]

The City will save us.

I thought the City was going to be neutered by the EU and Gordon's retributions?

Unless you are talking about Frankfurt.

[TheFaQQer]

If UK Govt did not bail the banks out, why did BBC today quoted cost of bank bailout to UK as £850 bln, maybe it was your Xmas bonus brillo!?

Read the post carefully. Which American banks did the UK government bail out?

[Mich the Tester]

This would never have happened under the tories.

[AtW]

I dont remember the UK government bailing out any US banks.

Well done the US government for propping up the city.

If UK Govt did not bail the banks out, why did BBC today quoted cost of bank bailout to UK as £850 bln, maybe it was your Xmas bonus brillo!?

[BrilloPad]

.... provided that we give them their bonuses first.

Sounds like a 419 scam to me.

I dont remember the UK government bailing out any US banks.

Well done the US government for propping up the city.

[Tarquin Farquhar]

The City will save us.

.... provided that we give them their bonuses first.

Sounds like a 419 scam to me.

[DimPrawn]

The City will save us.

[AtW]

Make parts locally if it's that expensive to transport.

The reality is that the West shifted manufacturing to Asia for reasons of costs as well as ecology.

Now the West can enjoy fresh clean air whilst looking for proper jobs to do.

Have a nice day...

[Mich the Tester]

These days the biggest manufacturing plants in western Europe are largely assembly plants putting together bits brought from overseas or from small specialist factories. That means that transport costs are an essential part of the equation. If you have the most expensive diesel in Europe, you're not going to have much of a manufacturing industry. Countries with lower transport costs and efficient ports, like Germany, Japan and South Korea still have a very solid manufacturing sector, despite their high labour costs.

[Spacecadet]

Linky. Today is a good day to troll.

It's hardly trolling when popular opinion is deserting labour like rats from the proverbial ship

[Addanc]

A study of figures from the Office for National Statistics showed that manufacturing's share of the economy declined almost three times faster under Tony Blair and Gordon Brown than it did when Lady Thatcher was in power in the 1980s and early 1990s.

Linky. Today is a good day to troll.