The Mudcat Café TM
Thread #160019   Message #3796247
Posted By: Keith A of Hertford
17-Jun-16 - 11:22 AM
Thread Name: BS: To Br/Exit Or Not To Br/Exit
Subject: RE: BS: To Br/Exit Or Not To Br/Exit
Steve, Jim said "The UK economy is based on having no manufacturing industry,"
That was wrong.
Do you criticise him for that wildly inaccurate and misleading statement?
No. Why not?

I quoted and quoted accurately Steve.
You did not.
Here are some more actual quotes from the same piece.

"Overall, the UK's industrial sector has increased by 1.4% a year since 1948, according to a recent report from the Office for National Statistics (ONS).

The ONS attributes the sustained growth to a better quality, more skilled workforce; a shift in production from low to high productivity goods; improvements in automation and ICT; increased investment in R&D, and a more integrated global economy."

"Although the contribution of manufacturing to GDP has declined on paper, many of the services provided to manufacturers which would have once been considered part of manufacturing, such as catering; cleaning; building services, security and so on, are now allocated into different areas of the economy.

However, those contributions are directly reliant on manufacturing for continued business and could actually be considered as a part of manufacturing's GDP input. As such, many are calling for the true value of manufacturing to be recognised, a move which would see the widely cited figure of 10% of GVA almost doubling to 19%."