20 years ago, as we slid happily into a “service economy” and a few pundits dared suggest ‘we (UK) don’t make anything anymore’.
I recall my agreement – and here’s the way to think about it. The vast majority of UK JOBS – are based solely on SOMEONE ELSE HAVING A JOB.
So as jobs shrink, service jobs shrink out of all proportion. That is why the UK now sees headlines such as those above. Simple.
Covid-19: UK economy plunges into deepest recession since records began https://www.theguardian.com/business/2020/aug/12/uk-economy-covid-19-plunges-into-deepest-slump-in-history?CMP=Share_AndroidApp_WordPress