As an economy, that is fine though, those manufacturers use our workforce, hopefully pay our taxes (coughs), British ownership is not essential if the industry remains. However losing our ability to manufacture and produce raw materials should be of real concern.
That is great, of course we can be very proud. However there is a great irony in celebrating our famed expertise in car and vehicle manufacture when we are allowing our steel industry to disappear.
And while this is going on, we're letting another UK industry slip through our fingers.
Just because current economic factors make importing steel right now a more viable option, doesn't mean that will always be the case. We let these industries go, and in 5 or 10 years when the economic...