Letter: Your Say - Wrong climate for investment.
I TOO would like to have seen the former car production sites at Ryton and Browns Lane taken over by a major manufacturing company to provide meaningful employment to large numbers of skilled men.
However, in the present climate in our country this could never happen. Leaving aside the question of cheaper labour costs in the developing countries, massively expensive regulation and bureaucracy imposed on businesses in Britain make large investment less inviting.
Our large skilled labour force began to fall apart when foreign competition in the motor industry was ignored. Poor management, overmanning and outdated models meant that other countries had easy access to our markets.
Red Robbo and his pals put the final nail in the coffin.
Of our surviving motor manufacturers, Land Rover is under attack by our own government with its high taxation policies on 4x4s and how long can Jaguar sustain losses running into hundreds of millions of pounds?
Aston Martin has thankfully continued to be successful and is now in British ownership, with the promise of more jobs, but now we hear that part of the workforce has voted to strike for a pay increase.
Would you be willing to invest hundreds of millions of pounds setting up a business under these conditions?
Bill Sutton, Billing Road, Chapelfields.