Monday 13 July 2020

Manufacturing Revival

Given all the supply chain problems incurred with the coronavirus there are plenty of calls to revive the manufacturing industry both here and overseas.

A few prob,ems with this idea are all attempts to do this that have been made public are against WTO rules or any of the 'free trade' agreements we have.

The problems as I see it is two fold.

First some sort of protection is needed for the industry in question to get started.

The second is for the industry to be viable in the long term it must be export oriented because of our small market. This needs quite a bit of finance.

Happy to be proved wrong but thus far all ideas are very vague.

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