Cameron sells out UK manufacturing for his loony backbenchers
When launching Unite’s manufacturing strategy, 2020 Vision, recently, I made the point that the coalition government has no long-term strategy on UK manufacturing and is doing more damage to UK manufacturing than any previous Conservative government.
The decision by David Cameron to isolate the UK from the rest of Europe and cave in to the Tory Party headbangers may further damage our already hard pressed manufacturing sector.
The right wing politicians and media who are rejoicing at the decision and those that argue not having a seat at the table with the other 26 doesn’t matter are wrong. After the party will come the hangover.
Now more than ever, we need strong links with Europe as our manufacturing base continues to shrink – and at a time when we could be heading back to recession. Economically, the UK could now face disengagement from the £16 trillion trading bloc.
Our annual trade with our EU neighbours ammounts to between £160 billion and £185 billion – some 50 to 60 per cent of imports and exports. Compare this to the £33 billion we do in business with the USA – 15 per cent – £5 billion with China – 2.3 per cent – and £4 billion with Canada coming to 1.6 per cent.
Companies with large skilled workforces across Europe with manufacturing plants in the UK will think twice about further investment in UK manufacturing as we sit, irrelevant, on the periphery of Europe. Those companies may also have their arms twisted by their own governments as anti-British sentiment grows.
Those Tories and the media that say we can exist on a “trade only” deal with the EU are deluded.
The euro is, for many UK manufacturing companies, the currency in which they do their business and the UK will now have have no say about the euro restructuring, or on any fiscal or regulatory arrangments and trade rules.
Our trading relationships with the EU, the buying and selling our manufactured goods, are built on regulations and standards – all of which will now be jepordised. Indeed, Cameron’s decison could mean less trade, not more. Over a period of time, the other 26 countries will shape industrial policy regardless of what the UK thinks.
UK manufacturing and its workers, whose skills keep the wheels of industry turning, need stability and a clear strategy for working with the member states – instead we will face uncertainty and instability.
Cameron said this was about protecting the UK interests. In reality it was about his own narrow party political interests and about protectection of the hedge funds, the investment banks and the speculators in casino of the Square Mile at the expense of the 94,500 square miles of the rest of the UK – the real world, of real manufacturing companies, employing real people.
So much for re-balancing the economy!
See also:
• Scotland, Wales and Northern Ireland savage Cameron’s anti-EU strategy - Ed Jacobs, December 12th 2011
• How Cameron traded influence for isolation – Ben Fox, December 12th 2011
• The view from abroad: The day Britain locked itself out - Alex Hern, December 9th 2011
• A new strategy to help save UK manufacturing - Tony Burke, December 5th 2011
• Public sector jobs are growing in London and the South East; here’s why - Ed Cox and Will Cook, November 11th 2011
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http://twitter.com/bevclack/status/146186697741307904 Beverley Clack
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http://twitter.com/chrisgudgin/status/146193032167948288 Chris Gudgin
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http://twitter.com/simonthewriter/status/146197280389734401 Simon Cheshire
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http://twitter.com/yrotitna/status/146198941699026944 Juan Voet
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http://twitter.com/trakgalvis/status/146199163808395265 Trakgalvis
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http://twitter.com/ciarannaidoo/status/146199257857273856 CiaranNaidoo
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http://twitter.com/captaincrikey/status/146203193062334465 Sean PdeC
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http://twitter.com/goodoldmj/status/146205235768082433 Martin Johnston
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http://twitter.com/goodoldmj/status/146205235768082433 Martin Johnston
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Anonymous
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13 Spitfire
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http://twitter.com/labour_dave/status/146275384948822017 David Marsden
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http://twitter.com/jos21/status/146275538749759490 Jos Bell
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http://twitter.com/karenpbuckmp/status/146281529075707904 Karen Buck MP
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http://twitter.com/don_dapper/status/146283888854048770 Maps Man
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http://twitter.com/morosychristios/status/146286025357012993 Miles Douglas
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http://twitter.com/oilywaters/status/146286247516717057 H. O.
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http://twitter.com/rowllypowlly/status/146308024741535745 Rowland Paul Hill
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http://twitter.com/fredacowell/status/146353878810624000 Frederick Cowell
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http://twitter.com/chaabanrabih/status/146363940572626944 Rabih Chaaban
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Fact-Checker
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monsford bansfoot
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http://www.leftfootforward.org/2012/01/manufacturings-recovery-ends-before-it-starts/ Manufacturing’s recovery ends before it starts | Left Foot Forward
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http://www.leftfootforward.org/2012/01/we-need-to-save-manufacturing-but-manufacturing-wont-save-us/ We need to save manufacturing, but manufacturing won’t save us | Left Foot Forward
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