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Going full bore import substitution would be the best thing the government could do. Else they could find out why things are so difficult in places like Venezuela. But to get such a program going there would likely have to be a serious reform of the current situation with the popular press. "It is not necessary to have hope in order to persevere."
Yes, but fortunately they are the ones in the leadership positions and with the access to the capital and connections required to drive through a transformation of the UK economy.
And it will take more than a transient election loss to Labour to change this: Nothing less than a social revolution which changing the structure of the ruling class in the UK for ever is required.
The nearest parallel I can think of is the WWII years where women entered the workforce, a lot of non-ruling class types achieved positions of leadership, and Brits showed huge ingenuity in overcoming the exigency of war and the loss of raw materials from abroad.
However, with Victory, the UK quickly slipped back into the old ways, with the toffs back in charge, the women put in their place, and the Irish and Commonwealth immigrants doing all the hard work.
Will it be any different this time? Index of Frank's Diaries
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