That's right. And at the same time as the ideological dismantling of manufacturing industry was going on, regardless of the disastrous effects on communities (in non-Tory areas), the Tories lifted almost all regulation from the banks and other financial institutions. The biggest failure of New Labour was the failure to restore that regulation. Of course, the yanks were at it too, and we do what they do, don't we, Tony Blair? Some sovereignty that we want back! We don't train enough young people in the skills we need, so we need immigration in order to get skilled workers. Oh yes, we do have an "apprenticeship scheme" which you'd better be on otherwise you can forget jobseekers. You'll be paid about half the minimum wage and there will be next to no supervision of employers who are supposed to be training these youngsters. To be fair, some take their responsibilities seriously, but to others it's cheap labour, floor sweepers and tea-makers.