What an awful government it is which can't deliver lower taxes, higher benefits/pensions, better services (e.g. nhs, education, housing), more UK jobs (even when they're completely uncompetitive as these would clearly be right now) and lower prices/inflation all at the same time. I can see why he's appalled too because it's not like anything like this happened under his party of choice is it. If it had he'd be struggling to understand what's wrong with them for sure...
I feel very sorry for those who're losing their jobs but we live in a world in which those who can't compete ultimately fail and no government can carry on writing out cheques to keep people producing stuff nobody wants or is prepared to buy because they can get it much cheaper elsewhere. The best we can hope for is to find alternative employment for the workers and the chance, albeit highly remote, that market conditions might one day make production viable again. I don't see that happening any time soon due to the massive investment that would require.