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Barry
let's not forget that Thatcher closed or sold off most of our manufacturing base which in turn led to the reliance on financial services. This is a precarious state of affairs as we have no longer have the means of driving our way out of trouble. We are reliant on a system that can depart at a whim and has threatened to do so if regulation is imposed. It doesn't bode well for a government that wishes to apply regulation nor for economic security.
As for the public/private sector argument I don't subscribe to the 'one is better than the other' debate. How many private sector businesses have contracts with public sector and how many private sector jobs are created by the public sector? We are all part of a complex inter-relationship and each dependent on the other.
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