My word some people have very short memories.
We used to have a flourishing car industry, but it wasn't lack of inovation that destroyed it , but the unions leaders and shop stewards at the time who were only interested in flattering their own egos.
I remember the mass walkouts because of demarcation disputes lead by whatisname, red ken!. Whatever happened to him?
It was nothing to do with lack of investment or initiative, but simply that nobody in their right mind was prepared to invest money in a workforce that would'nt produce the goods.
Yes I know that it was a long time ago , and things have improved a lot thanks to Maggie, but the Japs took advantage of our short comings in the 60s and 70s and have forged ahead ever since.
The only major manufacturing industry we have now thanks to the government , as they basically subsidise it , is BAE Systems.
We are now one of the worlds main armaments and weapons suppliers.
Some turnaround eh ,we export death!