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Old April 15 2013, 05:56 PM   #63
MacLeod
Admiral
 
Location: Great Britain
Re: Morrisey: 'Margret Thatcher did not give a shit about people'

Starkers wrote: View Post
stoneroses wrote: View Post
They should have had Straight to Hell for the single Mick Jones needs the cash more.
We don't make anything in the UK anymore because of Thatcher
Can you provide some factual information confirming that the UK now has zero manufacturing?

From the Guardian:

Perceived wisdom is also that manufacturing disappeared under Thatcher. If so, it was something that had already started. In 1970, manufacturing accounted for 20.57% of UK GDP. By 1979 that was down to 17.62% of GDP. By the time she left office, that decline had continued - albeit at a slightly slower pace, down to 15.18%. Now it is much lower, according to the ONS - down to 9.68% in 2010
So whilst manufacturing delined during her time in office, it actually declined more in the 9 years before she came to office.
So let's do the Maths.

17.62%-15.18% = a fall of 2.3% during the 11 years she was n office.

15.18%-9.68% = a fall of 5.5% during the Major/Blair years.

So lets be fair 2.3 / 11 = ~ a fall of 0.2% per year during the Thatcher years.

5.5/13 = a fall of approx 0.42% per year during the Major/Blair years.

Oh and in the 9 years from 1970-1979 it was a fall of approx 0.33% per year.

Now of course some of that could be in part due to policies started during the Thatcher years, but when she left office those policies could have been reversed. The fact is that it declied at a faster rate.

As I've said before no PM ever gets everything right nor do they get everything wrong. But using those stats it could be argued that whilst manufacturing continued to decline she actually slowed down the rate.
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