can't even spell my own name right! this getting old is no good! even at 43 (last week ( ) boy does time fly. someone mentioned the share price will £7 in 20 years. just round the corner then! look after yourselves folks? and each other
Sorry mick-b should have had your name on my last post. Good Post I Agree with you in principal on Capital Spending but it does not address the issue of manufacturing being transfered to low cost countries by the Multi -National Companies. I dont think any politician has an answer to that question.
Spot we do indeed have the brand but sadly the Multinational Conglomerates who own these companies do not see it that way. The UK are world leaders in Innovative Technical Development and Research of a vast range of products Pharmaceuticals, Engineering and motor vehicle design just to name a few.
But when it comes to the actual manufacturing and production of these goods it is far cheaper to produce them in the low cost labour countries of Asia, Africa and south America where Labour costs are only a fraction of ours. Iconic British names Jaguar/Land Rover JCB and Rolls Royce all now have overseas manufacturing plants mainly in India and China. You will have probably read in the press this week that MG Cars are moving their production from Longbridge to China , British Aerospace are also planning to move their production to China in the very near future. It is for these reasons i cannot see any large scale rivival of British manufacturing in the UK for the forseable future.
Spot, Hopefully not to the level McDonnell proposed today on the Marr programme...£500 billion...that's just crazy. As a southerner I too hope for far more capital spending on Northern infrastructures. The NE in particular is dire. Parts are little more than bleak industrial wastelands....have seen many docs on this despairing topic. The North has been almost ignored, for far too long, while vast sums have been spent in London & the South on projects like the 30 mile long cross rail 1 underground tunnel. Now cross rail 2 is being proposed. Hopefully this imbalance on capital spending will be addressed in the coming Autumn statement. But it's high tech electronic industries and high precision engineering manufacturing that's needed now. Where we can compete against the best.....basically the highly successful German industrial model. Harold Wilson's famous "white heat of technology" 50 year old speech showed the way forward.... IMO that is still the case today as we do need a far more balanced economy. 80% of our GDP is generated in our Services Industries....that's just crazy and as you said...far to risky in todays world. Cheers and GL soon. Mick
Well said. With three teenage kids, I can only wish for a bright future, both European and British, but, I feel that due to the ( greedy financial system that we all have excepted as the norm ) it's all going to implode shortly. My only hope is that May, will borrow to the hilt and invest in the north.....let's make Britain an industrial nation again....we have the brand, now let's sell it to the world.
Last entry I signed with KTH? Should of been KTF! Keep the faith and all will be OK. In 20years time Lloyd's will be trading at £7 per share my children will be very happy and put lovely flowers on my grave! A little card on the ribben with the innitals KTF. And they all lived happily ever after. Good night all.
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