UK: Time to stop toeing the party line on economic policy.

Managers must demand what macroeconomic support they need to survive.

Since the economic humiliation of Great Britain Ltd in the autumn of 1992, British management has been spared in the fumbling search for scapegoats. Obviously a close connection exists between manufacturing's performance and the current account deficits that underlay sterling's collapse. But manufacturers can't be blamed for the years of economic mismanagement that preceded, followed and embraced entry into the ERM.