I have never understood the fetish about manufacturing. I mean, Rover makes a car in the midlands. Fine. But if you want to buy the car in Glasgow, say, then you need someone to transport it, which means a services sector. And then you want to buy it, and you probably don't have several thousands pounds in cash on you, so you need a bank, which again means a services sector.
The point is that the product that interests you is not a car sitting on a lot hundreds of miles from you that can only be purchased for cash on the nail. It is a car available for delivery in Glasgow in exchange for a bank draft. And that requires services every bit as much as it needs manufacturing.
Raak] Unless the government steps in and does something, like nationalise it. Governments used to do that here, and they still do on the continent and elsewhere. When exactly did it get written that the market has the absolute power to screw us all over?
[Irouleguy] I.e. subsidise it with other people's money. When exactly did it get written that every incompetently run business has the absolute power to put a trowel into my pocket?
(Raak) When the railways were privatised, amongst other instances. The Government subsidy to Train Operators and Rolling Stock Leasing companies is huge, and vastly more than was available to BR. Large amounts of public money disappear into private profit. So the true answer to your question is; "when the current political dogma has to be satisfied". There's a lot of it about, worldwide, and always has been.