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Yes, let's stop making formula 1 cars and space rockets and concentrate all our efforts on financial crime. It's bound to be more lucrative.
Of course the financial sector can play a big part in a balanced economy but why assume that all productive manufacturing is about making cheap products. We have amazing engineers who lead the world in solving problems and creating excellent products. Hard work and long hours is preferable to long term unemployment IMHO.
Airhead-
I didn't say let's stop, just not go down the pre EU route. And TBH we're not the best engineers anymore and space rockets and formula 1 cars are not exactly big GDP contributers are they?
Edit: I agree engineering overall is productive for the country as an export atm but with the EU single market being our biggest customer by far due to trade agreements. No trade agreements, means we have to compete in an open market, we're not cheap enough.
Plus doesn't progress in those fields require scientific research or R&D, ah that's right we voted out didn't we - which probably means we'll fall further behind.
bluebikerider
TBH I'm not sure productive manufacturing is the way we should be going. Competing against countries where life is cheap is never going to get us anywhere except back to pre-EU levels of wages and ridiculously long working hours.
Thatcher was right in investing (time, money and effort) in the financial sector, let's just hope that London isn't too badly affected and as a Country we can still reap the rewards of her legacy.