Financial services not enough – UK need manufacturing
TUC general secretary Brendan Barber told a Unite union conference: “We can't sustain an economy of 60 million people by selling each other insurance, mortgage-backed securities and mobile ring tones," ITN reports.
He said manufacturing should be at the heart of the economy. “What we need now is less financial engineering and more real engineering,” he said.
"It is just plain wrong that our schools, hospitals and local councils should pay the price for a crisis inspired by free-market dogma, created in the City of London, and caused by the richest minority of the richest minority."
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