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No but the UK does have certain other advantages over low cost producers, that's why it still manages to manufacture stuff. Its the costs relative to the EU and
by benj111 7y ago
No but the UK does have certain other advantages over low cost producers, that's why it still manages to manufacture stuff. Its the costs relative to the EU and US etc that matter
- toyg 7y agoTo measure those advantages, one only has to look at the UK post-WWII/pre-common-market. Hint: it doesn't look good.
- benj111 7y agoI don't think its quite the same. We have moved up the value chain since then. I'm not saying Brexit will be pretty, but I think we'll be running back to the EU well before we end up competing with China on price.
- repolfx 7y agoThe UK manufactures more stuff than ever before in its history. Do you realise that? The "decline" of British manufacturing is only a relative decline - other parts of the world grew their manufacturing base faster.