@H2O MAN,
That's a load of old pony Mr. Soggy. Our lack of regulations comparative to other European nations has meant that Ford is shutting down the Transit factory just down the road from me.
In the end the loyalty and efficiency of the workers counted for nothing. They were the easiest to sack, and that's really all that mattered
In this case government did get out of the way, apart from guaranteeing cheap loans, and big business moved their jobs to Turkey. You get rid of (what little)regulations you have, and a lot more industry will go overseas.