This Guardian op-ed, by former Labour MP, is a good read. It touches many of the right buttons but is deeply flawed on the way forward.
Many of the observations in this article are reasonable but the causes are not all down to economic liberalism. What about greedy unions and a lazy workforce that’s seriously light on skills, compared to other mature economies and rapidly developing economies too?
Austin Mitchell lets his left-wing bias dictate his argument. Sadly, he’s light on strategy. I agree that the UK economy‘s over-dependent on financial services.
Surely, we need a SWOT analysis by industry to clarify the way forward, with a matching risk analysis?
Thoughts?