bluebikerider-
I know it's going back pages to your comment about manufacturing but I've been busy.
I didn't suggest that we should be trying to compete with the cheapest manufacturers, I would like to see us producing goods like Miele/Festool/Fein. Brands that represent quality of manufacture with a no compromise price, in the same way that Clifton/Sorby etc represent some of the highest uncompromising quality in woodworking tools or Rolls Royce represents incredible engineering.
Our aerospace industry is one of the biggest in the world. Cutting edge manufacturing that applies to F1 and space is coming from some areas of the country. We have an amazing engineering culture which we could make more of.
I'm a tradesman and have been for 25 years, I do understand the argument you're making about young people/apprentices. I don't believe the answer is to increase the financial services casino which recently cost us all so much money to prop up, it currently hovers around 80% of gdp and doesn't need encouraging. What we have to hope is that people will maintain an interest in producing innovative products that can attract staff to work for/with them.
On the question of credit getting out of hand, that cycle began post-war as an effort to kick-start manufacturing. It's now kick started manufacturing around the world but not here.
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Airhead
Did it? Really? do you have a link to the discussion of this any where? Could you dissect the report to show this to be true?
I haven't read the report but I'm guessing it used anecdotal evidence. I'd suggest that this was because there was either a) the anecdotes were collected together to form evidence, b) not the measures in place to produce proper statistics, c) there was a big cover up
Anecdotes can be useful to build a hypothesis to test. In a 'x happened to me today, I wonder if it will happens to everyone else?' way, you then go and ask everyone else (or a sample of everyone else) and record who x happened to and who it didn't. You then report those numbers. These are statistics. i.e. If you collect enough anecdotes its becomes evidence and you would summarise this evidence using statistics.
Using anecdotal evidence is pretty much akin to saying 'x happened to me today, therefore x happens to everyone else'.