A well written article by British Family which I want to share with you. The problem as I see it is when production is often moved abroad after a foreign takeover. For example, HP Sauce (now owned by Heinz) is now made in the Netherlands, and American owned Cadbury have moved much of their production to Poland.
It is already the case that many British brands are foreign-owned, but the picture is complicated and sometimes foreign investment keeps British jobs in Britain. It’s a two-way street too. The UK has its share of global companies and makes a tidy return from overseas investments.
Countries like India, Japan and the USA all have processes that allow them to block foreign ownership yet we in Britain don’t have anything to protect our strategic companies of national importance from takeover and future asset stripping.
There’s a tendency amongst many firms to claim British heritage in such a way that it misleadingly implies manufacture in the UK and an assumption by consumers in the UK and abroad that for example all Cadbury chocolate is made in British (because it is still thought of as a British brand).
To be a bit more optimistic, Britain still makes most things, and we do it well.