Just as well the finance sector isnt failing as it’s the part of our economy that keeps us afloat- “industrialisation and misguided economic policies have reduced to a level where Britain can neither pay its way, nor afford the defence and public services an advanced society needs. Everything in which we once were leaders – ships, railways, TV, great bridges, nuclear plants, bicycles, textiles, clothing, even Kit Kats – we now import.
We consume more than we produce, leading to an annual balance of payments deficit rising above 6% of GDP, financed by borrowing and selling companies, property and citizenship to survive. The result is a sluggish economy (a growing proportion of which is owned by foreigners); low productivity (because the manufacturing sector has shrunk to one-tenth of GDP); and static pay, as every sector except finance cuts costs to survive.” This is an apt quote in or out of the EU we are a low paid, low productivity economy only propped up by the financial sector and borrowing. This is what the government should be tacking , not making our problems worse by blaming the EU for their own past failings.