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Can Britain make it?

Manufacturing can play a big part in reviving the economy. But it has been handicapped by short-termism from investors—and ministers

By Richard Lambert   October 2011

Britain needs to rebalance its economy—and for that, it needs a stronger manufacturing sector. Economic growth in the decade up to the crash of 2008 was driven by government and household spending—both fuelled by debt—and by what turned out to be unsustainable expansion in the City of London. As a result, Britain became by some measures the most heavily borrowed nation in the developed world, and was left with a financial sector that was much more likely to shrink than to grow in the years ahead.

To restore the balance and get back to stable growth, the country needs to…

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