Crickey !, and I thought I was the only one tutting over how loads of people in the UK buy Chinese goods. But then again, its difficult not to these days…….
Yes, comparitively little manufacturing in the UK now. We've priced ourselves out of the market.
The Chinese factory worker is cheaper to employ than his UK equivalent.
His house doesn't cost £180K, he doesn't pay £2k a year council tax, etc, etc, so the Chinese factory workers' wage demand is very much lower than a UK worker.
Comparitively, the Chinese work for peanuts and therefore lots of western manufs move their factories to the far-east, and lots of people in the UK end up claiming JSA.
Thanks Tony, thanks Gordon. You put your eggs all in the basket labelled "financial services" and let UK manufacturing slide into the sea.
Now the bankers have torn a new backside into the UK, AND stick two fingers up at whomever wants to cut their bonuses, they threaten Alistair with "if you mess with our bonuses, we leave the UK, and seeing as you rely so heavily on the tax take from the City, you'll lose loads of revenue. So go away and lets us bankers keep screwing the pooch".
If the cost to live in the UK wasn't so stupidly high, then I suggest that wage demands wouldn't be so high also, and companies would still be able to manufacture here in the UK.
And before anyone even bothers to read and reply, this isn't a dig at the Chinese, they are doing only what they can to "get the work", which in todays world means, whomever can do it CHEAPEST, gets the job !.
We are witnessing the race to the bottom. And as has been suggested in the posts by others here, its the flipping bean-counters that are leading the way.
CC.