I do believe the British economy can survive another banking crisis. We have to rebalance our economy away from financial services towards making things.
The Germans run a massive current account surplus because they sell products all over the world.
We run a huge current account deficit because we do not sell enough to the world.
We have to stop speculating on housing and property and move away from consumption towards manufacturing.
Come on Britain we can do it. We used to have a huge shipbuilding and textile industry. We had also a large a large car and motorbike industry selling all over the world.
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