Thatcher, with her inadvertent ability to send Sterling from almost parity with the US$ to being worth almost US$2, reamed the UK's metal bashing industries, then took out both the NCB and British Steel, and decided not to invest in high tech manufacturing, (except, possibly, for Defence contracts). Compare the choice of South Korea to become a major manufacturer of electronics from computer memory upwards.
Thatcher, with her inadvertent ability to send Sterling from almost parity with the US$ to being worth almost US$2, reamed the UK's metal bashing industries, then took out both the NCB and British Steel, and decided not to invest in high tech manufacturing, (except, possibly, for Defence contracts). Compare the choice of South Korea to become a major manufacturer of electronics from computer memory upwards.