From our Swindon correspondent:
Something shared by both the green announcement and the defence announcement was all the jobs that would be created. From the green announcement:-
Although this year has taken a very different path to the one we expected, I haven’t lost sight of our ambitious plans to level up across the country. My Ten Point Plan will create, support and protect hundreds of thousands of green jobs, whilst making strides towards net zero by 2050.
Our green industrial revolution will be powered by the wind turbines of Scotland and the North East, propelled by the electric vehicles made in the Midlands and advanced by the latest technologies developed in Wales, so we can look ahead to a more prosperous, greener future.
Setting aside the thing this blog often mentions, that job creation is a bad thing, because it’s a cost, is this really going to happen?
Car assembly is generally shifting away from the old countries like UK, France, Germany and Italy. It’s cheaper to make Renaults and Toyotas in Turkey, Fiat 500s in Poland, and VW are looking at moving more production to Slovakia, because Slovaks are cheaper than Germans. In general, production lines in everything, from toys to TVs have gone abroad.
Most manufacturing here is niche or custom. Aston Martins, parking meters, F1 cars, false hips. If you’re only making something in small volumes, or orders have more customisation, the value of running a foreign factory is a lot less. There’s overheads to outsourcing. As of now, Mini are making electric minis in Oxford, but does anyone think they’re going to expand production in one of the most expensive cities in the UK? Especially when they make more minis in the Netherlands and are building an electric car factory in China