Britain’s manufacturing sector has been overlooked, with the nation’s focus shifting to financial services. This has led to a decline in the number of skilled workers, with the UK lagging behind Germany in terms of manufacturing output. The Brexit vote has further complicated matters, as it threatens to disrupt the supply chains that many manufacturers rely on.
There’s a need for a renewed focus on manufacturing, particularly in the regions that voted for Brexit. These areas have been hit hard by the decline of manufacturing and could benefit from investment and job creation. This would also help to address the UK’s productivity problem, as manufacturing jobs tend to be more productive than those in the service sector.
The government’s industrial strategy needs to be more ambitious and should include measures to boost skills and innovation. This could involve investing in apprenticeships and vocational training, as well as supporting research and development. The strategy should also aim to create a more balanced economy, with a greater emphasis on manufacturing and less reliance on financial services.
It’s important to remember that manufacturing matters. It’s not just about making things, but about creating high-quality jobs and driving economic growth. The challenge for Britain is to rediscover its manufacturing heritage and to create a future where making things matters once again.
Go to source article: http://www.theguardian.com/commentisfree/2016/may/18/making-things-matter-britain-forgot-manufacturing-brexit