RE: Trump says26 Jan 2025 10:09
..."As soon as Rachel turns the economy around we'll be flying"...
Last week, Ineos closed its big ethanol plant in Grangemouth, Scotland, with its chairman Sir Jim Ratcliffe warning of "the extinction of our major industries". The previous month, Airbus announced it is cutting 500 UK jobs. In October, JCB cut 230 UK jobs. In July, Dyson said it was cutting a third of its British workforce. In recent months, Vauxhall has closed British plants (England), the steelworks at Port Talbot (Wales) have been consigned to history, as has the appliance maker Hotpoint, which shut a factory in Bristol in October, leaving a century of history behind.
Major global companies -- fleeing the UK since Labour entered No.10 just a few months ago. Net-zero fanatics in the Cabinet, the world's most expensive electricity, nearly the world's most expensive petrol and diesel, a minimum wage wildly out of control, employer taxes wildly out of control, employee taxes wildly out of control, red tape wildly out of control, green tape wildly out of control, local council taxes wildly out of control, local council power wildly out of control, on and on and on it goes.
British manufacturing -- which had been broadly stable at around 8 per cent of GDP -- today faces a full-scale collapse.