Further to my recent post on the Car Industry its been made clear in Unite's campaign to save the UK car industry that a substantial investment has to be made to weather the current downturn in order to put the UK industry on a level footing when trade picks up. This is of particular importance if you consider that European competitors who benefit from public finance help will retain the skills of their workers in order to continue full production when the opportunity arises.European Car Firms will have a clear head start on the UK industry if this happens.
The current heads in the sand/rely on the market/give the redundant new skills-re-train, current approach will get New Labour nowhere.
It feels like car workers in this country are being hung out to dry.
Here is how 'free marketeer' Sarkosy is dealing with the issue in France.
Personally I think the whole UK Car Industry should be nationalised. The current economic situation the Industry is in is far, far worse than anything you could point to that happened in the 'bad-old-seventies'. This is now a political issue and not just an economic one.
By the way , just to remind ourselves, this is how bad UK Car Manufacturing is now.