We have seen mixed messages over the last few months. Jaguar Land Rover (JLR) investing in a new engine plant is good news. BAe losing 3000 skilled jobs is devastating news. The picture for manufacturing is confused.
Demand for JLR products seems to be driven by exports – not to traditional markets like America and Europe but to the new economies. Lack of demand at BAe is directly attributable to the government slashing orders and contracts.
Against this background we have global financial turmoil. However, yet again governments seem to think printing loads of cash and giving it to the same short-term thinking bankers that have pulled us to this point will save the day.
Is it not time to take a different tack? Why not put the money straight into the hands of those manufacturing businesses that are crying out for investment? After all bankers create nothing except ever more complex charades that even they do not understand. Give the money to those that create the products for now and the future, the jobs for today’s and tomorrow’s generations and that help secure the wellbeing of young and old alike.