Monocolumn: Fabric Of Our Nation
The British government is taking its nation’s rag trade seriously.
Monocolumn is Monocle’s daily bulletin of news and opinion. Catch up with previous editions here.
“When the government was formed we discussed how we could re-balance the British economy with new industries, and reduce our reliance on banks. We needed ones which create lots of jobs, which export and don’t come asking the government for lots of money; and we came up with fashion,” said business secretary Vince Cable yesterday at the “Value of The UK Fashion Industry” report in the House of Commons. “The figures are very striking, it generates £21bn (€25bn) directly and hundreds of thousands of jobs.”