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Reviving the Factories.(International Edition; BRITAIN)(Brief article)
Byline: Christopher Werth
As London seeks to end the financial crisis, some Brits want to go back to how things used to be--way back. Last year, then-business secretary John Hutton pinpointed industrial manufacturing as "central" to recovery, an idea echoed in March by Tory leader David Cameron, whose party has long been inimical to manufacturers. Their support has delighted industry leaders, who say that producing more goods can rescue the very country that begat the Industrial Revolution.
It's an unusual strategy, given that most of the countries that make their big money on industrial exports (China, Germany) are trying to move away from that model, which leaves them vulnerable to falling consumer demand. But Britain's renewed interest reflects a consensus that the U.K.'s over-reliance on financial services is now ...
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Source: HighBeam Research, Reviving the Factories.(International Edition; BRITAIN)(Brief article)