My answer to Will Britain become a third world country?
Answer by Desmond Last:
Yes. Theresa May has embarked on a social experiment to remove all foreign investment from the U.K. or so it would seem.
May appears hell-bent on ignoring any new advice and has instead opted for a backward looking industrial and economic policy which will consign the U.K to the dark ages.
May has gone to Washington this week. Which last time I looked was nowhere near Japan. The Japanese Goverment have warned the people of the U.K in a 15 page letter that they urgently need answers to questions that affect the long-term viability of their investment in the U.K.
I know exactly where the Japanese are coming from. I was once the Legislation Manager for Renault Trucks in the U.K. A legislation change t o CE certification can affect design costs and technical parameters in 2, 5 and 10 years time.
So whilst May has gone to Washington to drum up business for the U.K , Germany and France are no doubt putting out the feelers to Japanese car manufacturers who may want to move to their respective countries.
We will also have the embarrassment of Boris Johnson making a public speech re war crimes for ISIS. This whilst the U.K supplies arms to Saudi Arabia so they can bomb civilians in Yemen and Assad continues to kill children in Aleppo. This absolute hypocrisy on behalf of the U.K Government will also prevent some from investing in the U.K. or buying U.K exports.
The inward looking U.K establishment do not seem to understand that ethical corporate governance means that some companies will not by legal and moral duty invest in the U.K. Corporate Governance is both a civil and criminal liability.
Donald Trump will not doubt shake his head in disbelief at May wanting to woo U.S.A. investment. If he is elected as President he will holding a blow torch to USA firms including the Ford Motor Company to make America great again.
All this as May fronts the U.N to make a speech about counter terrorism whilst allowing rampant cyber crime in the U.K.
The U.K debt is £1.7 trillion and increasing at the rate of £5200~ a second. 80 per cent of its industry is service based. With 3 service jobs required to replace one manufacturing job. The value of every U.K £ is about to lose its Euro multiplier.
May has no sustainable Industrial strategy and the Labour Party live in the history books of Karl Marx,
It is this absolute ‘out of touch’ of the U.K Government and the U.K Establishment that will one day make the U.K a Third World Economy.
While the U.K trades of its past the rest of the World is investing in a future.