lets face it, if it does get purchased by a company from china do you think they will keep the plant in the UK when they can build in China, india, turkey etc etc for a fraction of the labour costs, no unions, no HSE hassle and VERY willing workers! Most factory workers in india have degrees, they work on the shop floor hoping to be spotted and promoted. All they would want is the name, i can't understand why they have pulled out!
Yes a lot of people will be effected, but manufacturing in the UK just in not practical. They only way to get round it is to either wait until these less developed countries are forced to our standards regarding HSE & pay etc, impose a greater tax on imports or relieve corporation tax.
The US are not as tight as they were, but at one time it cost a fortune to import into the US to the point where it just was not possible. I cannot understand how the goverenment can let thousands of unqualified people into the country to join an already saturated jobs market and encourage people to have children by increasing child benefit yet not take some steps to protect jobs and entice other big industry.
In my opinion we need a strong government to kick the UK public and the country into line. Can you see a candidate, i cant!