Thanks to The Register, here is a nice graph of the decline of manufacturing in the UK since 1945. You'll notice one small problem with the "decline" bit.
The two dips correspond to the early 80s recession and the early 90s one. They were not restricted to the UK and, as nojay points out, output rapidly recovered in both case.
The thing that got me, though is that the graph is pretty much constant after 1997 ie. the value of our manufacturing output has remained unchanged since NewLab came to power (though I'm sure there are other interpretations).
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drplokta
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Date: 2010-02-22 06:13 pm (UTC)The thing that got me, though is that the graph is pretty much constant after 1997 ie. the value of our manufacturing output has remained unchanged since NewLab came to power (though I'm sure there are other interpretations).