From memory, all governments in the 70s were entirely at the mercy of the unions. The Left hate Mrs T precisely because she stood up to the unions. When our engineering and mining industries had finally disintegrated under the weight of their own incompetence, greed and Luddism, banking may have been the only one left......
I started an apprenticeship in aircraft manufacturing in 1970 & already Japanese engineering was starting to pull the rug out from under us in car manufacturing & motor bikes.
I remember an acquaintance bought a 250cc Yamaha & it was light years ahead of British made ones.A 50cc Honda somebody bought ran at 19,000 revs & I was gobsmacked.
Cars the history is well known so in my opinion it must be down to antiquated management & lack of investment in design among other things....you can't blame it all on the Unions.
Up until that point we lead the world in ship building trains aircraft cars motor bikes.We started the nuclear Industry apparently you name it!
So where did all the profits go? Maybe the Unions just recognized that something stank!Certainly we all knew then that you could get far more money & were held in higher regard in Germany as I previously stated.
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