Source: Foundation for Economic Education
by Ted Newson
“At its peak, Britain was known as the workshop of the world. Sheffield produced high-quality steel, Manchester still had a strong textiles sector and the West Midlands was world-renowned for its cars. Glasgow, Sunderland and Newcastle were shipbuilding hubs, Stoke-on-Trent produced ceramics. … In the pursuit of lowering carbon emissions, Britain has abandoned its manufacturing sector. As we have artificially inflated energy prices through policy costs and made employing people harder, our industries have shifted to countries with more business-friendly environments. While rising comparative wage rates naturally encourage industry to shift overseas, the British government has further pushed industry away through deliberate choices. This has created job losses and regional decline as former manufacturing towns lose historic businesses.” (05/08/26)
https://fee.org/articles/britain-is-pricing-its-factories-into-oblivion/