Helpful myth debunker: UK manufacturing is twice the value it was after World War II.

The article also answers the obvious contextual question: how much has GDP increased in the same time frame / what is the trend manufacturing as a proportion of total output? The answer, manufacturing has shrunk to 12% of the economy from 50%, but this isn’t a fall in manufacturing, just slower growth relative to other sectors of the economy.

Interesting that manufacturing seems more volatile than the overall economy (15% drop vs 6%) so we couldn’t rely on a manufacturing-based economy to sort us out.