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Yes, very sad indeed. It is cheaper to make a lot of stuff overseas, but in the long term the loss of skills will tell against us. I very occasionally go back to the UK, it is now a country based on dodgy banks and picture framing shops. As to why we don't make fighter planes here - too expensive, even the European Union makes them as a consortium and for all I know outsources the manufacture to China! Australia is now a country that digs up dirt and flogs it to the rest of the world to assemble. Sad but true.
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