Author: Professor James Barlow
In 2024, the UK dropped out of the top ten countries in global manufacturing rankings.[i] The decline reflects long-standing structural weaknesses that stretch back decades, including a lack of coherent industrial strategy and inconsistent policies, inadequate adoption of innovation and productivity-enhancing practices, and insufficient investment in workforce training. These have left many of our manufacturing industries without a solid foundation for global competition. Compounding these challenges, geopolitical shifts have also led to other countries overtaking the UK – Russia’s surge in defence industry spending, a manufacturing boom in Mexico spurred by Chinese investment seeking to bypass US tariffs, and Taiwan’s continued dominance in semiconductor production.
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