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hurricane_run
If you think about something like the Lloyd’s market, a good proportion of the world comes to London to buy and sell insurance. That’s mostly a Good Thing for the UK. It also took 300 years to build and finding an industry to replace it might take a while.
I’ve never subscribed to the view of the manufacturing fetishists that ascribe the weakness of the UK economy to the fact that we don’t “make things” anymore. Truth is, once we had lost the captive Empire markets by the 60s/70s, no-one wanted to buy our shoddy, high-priced goods.