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If the various governments had their act together then perhaps manufacturing wouldn't have been so hard hit in the North and the power shift wouldn't have shifted so much to the South East with financial and other services.
Germany is a superb demonstration of how to do it right, with focus on creating manufacturing jobs in the regions since WW2.
Stonehedge
I think there's also some (possibly partially valid) stuff about just how shit British industry was and the need for reform, which of course went way too far and had far-reaching and (possibly) unforeseen consequences.