The reason we are slower to come out of recession is our over dependence on the financial sector and lack of investment in manufacturing.
France and Germany may have been less hard hit than the UK by the global economic slowdown because their financial sectors, which were at the heart of the crisis, account for a smaller proportion of their economies." France and Germany exit recession, BBC News, Thursday, 13 August 2009, http://news.bbc.co.uk/1/hi/8198766.stm
^ Prospect magazine supplement, http://www.scribd.com/doc/10966581/UK-Manufacturing-Prospect-Magazine-2009. "The credit crunch has exposed our over dependence on the financial sector", The Return of Manufacturing, Michael Prest, UK Manufacturing Prospect magazine 2009, p. 4
^ How Margaret Thatcher made Britain great again, Andrew Roberts, The First Post, http://www.thefirstpost.co.uk/46612,news-comment,news-politics,how-margaret-thatcher-made-britain-great-again-andrew-roberts, "She changed British reliance on manufacturing industry just in time"
We should be talking less about cuts and more about wealth creation through adding value and exporting our products and services.
We should not export our knowledge but our products!
