Quote:
Originally Posted by Stuart
You seem to be assuming that we manufacture a lot of things. You also appear to be assuming that all or most of those things use a lot of parts made in the UK. Unfortunately, business people like James Dyson (arch Brexiteer) have been working hard ensuring all their manufacturing is outsourced to companies outside the UK (usually in China, or in the case of Dyson, Malaysia). In the case of someone like Dyson, the rising cost of importing is likely to mean the cost of exporting and to the consumer will go UP. This does, admittedly, depend if the've established a local subsidiary to handle the sales. However, a lot of UK manufactured goods rely on parts imported to UK the UK. The costs of those parts will go up, which will also drive the cost of the manufactured goods up.
You compare the situation now to the situation before we left the ERM, but you haven't factored in that we've had 30 years of businesses doing their utmost to outsource costly things like manufacturing and storage, with the tacit encouragement of the government of the time (both Labour and Tory). The economy was still heavily manufacturing based at that time. It's not now.
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I think you like a lot of people seem to think we don't make anything anymore...
You're wrong
Some light reading for you:
https://www.theregister.co.uk/2010/0...uring_figures/
And a chart for the hard of thinking. That's the Index of Production - our manufacturing base - failing to 'collapse'. The fact that we've also grown as global leaders in financial services does not mean that industry has gone away