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We assemble cars, we don't "make" them. Eg JCBs used to be 70% British components. Now it is 30 with Italy supplying the bulk.

30% is not "too reliant" in my mind. It will be made up of many different areas from high end "big" like British Aerospace down to small scale like the car component chain. It will be broad and therefore robust and able to take a few down hits. With it comes semi-skilled and skilled jobs, and...

This.

If you want a figure then I'll go for 30% but I will settle for 25 which is approx double what it is currently. And yes I agree that finance is a subset of the service industry. But, compared to other nations around the world, we are way too reliant on financial services. I think, of broadly...

FFS. In the same way banana custard comprises of bananas and custard the service sector is a sector made up of services. The clue is in the name; it's no mystery and you do not need to be as uber-clever as you to understand this.

Evading? Insight? I have said repeatedly in this thread and many previous threads we need to increase manufacturing. This is the rebalance I want. What is it you are missing? And Osborne does consider this, remember his March of the makers speech? There was policy in this...

This

Maybe you need to read more? There is a lot of call for rebalancing; even Osborne has said this.

How did you get from my comment about needing a more balanced economy to "manufacturing being the panacea for everything"?

??? I'm certain most people know what the service sectors comprises. It isn't a secret. And I will continue to make this point, just like most economic commentators and even George Osborne does, until it changes.

It's not just about low cost though. This was the main thrust of my post.

There are plenty of non Chinese and Indian manufacturing bases doing exceedingly well. The Chinese cannot make everything. They need to buy plenty of manufactured goods themselves, they need to buy in machinery, they need buy in medicines etc etc. And the cost of exporting makes some items...

And to put these figures in context "Other countries recovered the output lost to the crisis much earlier than the UK. Germany regained its peak in 2010, with the US and France following a year later." So basically the UK is lagging our G7 friends by 4 years.

These figures just show how shockingly unbalanced the economy is, 80% reliant on the service sector is very disturbing. Isn't anyone concerned about this?